The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
LUDWIG VON MISESThe issue is always the same: the government or the market. There is no third solution.
More Ludwig von Mises Quotes
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All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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The issue is always the same: the government or the market. There is no third solution.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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Every socialist is a disguised dictator.
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Freedom really means the freedom to make mistakes.
LUDWIG VON MISES