Monday, 31 August 2015

There is No Such Thing as...

...perfection in human knowledge, nor for that matter in any other human achievement. 
...a universally valid logic. 
...a calculation of values. unpopular government. 
...a mixed economy, a system that would be in part capitalistic and in part socialist. 
...quantitative economics. 
...prices outside the market. 
...a money with stable purchasing power. 
...a "war" between the central banks. 
...perfection in human things. abstract or ideal 'capital that exists apart from concrete capital goods. 
...a nonspeculative investment. abstract saving that could provide for all classes of want-satisfaction and would be neutral with regard to changes occurring in conditions and valuations. 
...nonmarket wage rates, just as there are no nonmarket prices. 
...a physiologically and biologically determined minimum of subsistence, valid for every specimen of the zoological species homo sapien. 
...a mere recording of unadulterated facts apart from any reference to theories. 
...a safe investment. 
...independence of the vicissitudes of the market.

Ludwig von Mises, Human Action

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