Ludwig von Mises Quotes:
Ocupation: Philosopher
Life: September 29, 1881 - October 10, 1973
Birthday: September 29
Death: October 10
The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.
source: Ludwig von Mises (2016). “Human Action”, p.282, Lulu Press, Inc
topic: Believe, Debt, Way, Indebtedness
