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 MISESThe struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
More Ludwig von Mises Quotes
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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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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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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 real bosses, in the capitalist system of market economy, are the consumers.
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Do not give in to evil, but proceed ever more boldly against it.
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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Under capitalism everybody is the architect of his own fortune.
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Liberty is always freedom from the government.
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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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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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The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
LUDWIG VON MISES