Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
LUDWIG VON MISESGovernment cannot make man richer, but it can make him poorer.
More Ludwig von Mises Quotes
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Liberty is always freedom from the government.
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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.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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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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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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He who serves the public best, makes the highest profits.
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He who is unfit to serve his fellow citizens wants to rule them.
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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
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The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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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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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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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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Under capitalism everybody provides for their own needs by serving others.
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES