They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
LUDWIG VON MISESFreedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
More Ludwig von Mises Quotes
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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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Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
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The issue is always the same: the government or the market. There is no third solution.
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In a battle between force and an idea, the latter always prevails.
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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The real bosses, in the capitalist system of market economy, are the consumers.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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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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Under capitalism everybody is the architect of his own fortune.
LUDWIG VON MISES