“For the naive mind there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurers when compared with that of the government’s Treasury Department!” – Ludwig von Mises, The Theory of Money and Credit
The Editors’ Quote Of The Day
