The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
LUDWIG VON MISESThe truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
More Ludwig von Mises Quotes
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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The most serious dangers for American freedom and the American way of life do not come from without.
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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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Freedom really means the freedom to make mistakes.
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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 greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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Freedom really means the freedom to make mistakes.
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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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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 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 whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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The issue is always the same: the government or the market. There is no third solution.
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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
LUDWIG VON MISES