At mid-century, an Antwerp financier only slightly exaggerated when he claimed, "One can no more trade without bills of an exchange than sail without water."

在这个世纪中叶，一位安特卫普的金融家略微夸张地说道：“没有汇票就不能交易，正如没有水就不能航行一样。”

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Mises carried his argument step further, though: he argued that these prices cannot emerge without exchange, and exchange in turn cannot happen without private ownership of the means of production.

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Culture is a French passion and a way to fight against the centrifugal force of the crisis, because without sharing, without exchange, without dialogue, there is no culture, any more than there can be commerce.

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It can't be stressed enough that without our exchange of dollars for foreign imports, foreigners would lack the dollars to buy what we make.

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