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Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is used as the unit of account.

Jürg Niehans
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Economics should be under no illusion that central banking will ever become a science.

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If one could be perfectly certain that everybody always stays within his budget constraint, everybody could be allowed to obtain goods without a specific quid pro quo.

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There is a widespread impression today that the history of economics is a sequence of revolutions and counter-revolutions, successive schools rising to dominance just to be deposed in a crisis by another school. According to this view, paraphrasing Marx, all history of economics is a history of school struggles, punctuated by revolutions.

Jürg Niehans

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Policemen so cherish their status as keepers of the peace and protectors of the public that they have occasionally been known to beat to death those citizens or groups who question that status.
David Mamet

Jürg Niehans

Jürg Niehans

Born: November 8, 1919
Died: April 23, 2007 (aged 87)
Bio: Jürg Niehans was a Swiss economist.

Wikipedia (in German)Jürg Niehans on Wikipedia (in German)

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