The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
LUDWIG VON MISESEconomic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
More Ludwig von Mises Quotes
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Depression is the aftermath of credit expansion.
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The final outcome of the credit expansion is general impoverishment.
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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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 flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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The mark of the creative mind is that it defies a part of what it has learned.
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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 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 real bosses, in the capitalist system of market economy, are the consumers.
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Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
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It is important to remember that government interference always means either violent action or the threat of such action.
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Freedom really means the freedom to make mistakes.
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A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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The fundamental law of the market is: the customer is always right.
LUDWIG VON MISES






