"Economically considered, war and revolution are always bad business"
- Ludwig von Mises
About this Quote
This quote by Ludwig von Mises suggests that war and revolution are not beneficial from a financial perspective. He suggests that these events are expensive and can have a negative impact on the economy. War and transformation can result in a decline in production, an increase in taxes, and a reduction in trade. They can also cause a decrease in financial investment, a boost in financial obligation, and a reduction in consumer spending. In addition, war and revolution can result in a decline in the worth of currency, an increase in inflation, and a decline in the availability of resources. All of these elements can have a damaging impact on the economy. Therefore, from an economic point of view, war and revolution are not advantageous and should be avoided.
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