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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.

Ludwig von Mises

Related Topics

Abolish Collapse Country Gold Government Inflation Order Pave Wave

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Taxing profits is tantamount to taxing success.
LUDWIG VON MISES

Profit Success Tantamount Tax
The fundamental law of the market is: the customer is always right.
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Customer Fundamentals Law Right
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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Appearance Artificial Boom Collapse Create Depression Expansion Open Soon Way
What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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Envy Expectation Ilusion Mass Push Richer Socialism
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
LUDWIG VON MISES

Depression Government Interference Market Mass Unemployment
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.
LUDWIG VON MISES

Civilization Evil Force Men State Worship
In a battle between force and an idea, the latter always prevails.
LUDWIG VON MISES

Battle Between Force Ideas Latterm Prevail
The state can be and has often been in the course of history the main source of mischief and disaster.
LUDWIG VON MISES

Course Disaster Liberty Mischief Often Peace Source State War
German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISES

Against Change Coin Country Human Human Nature Nature Philosophy Political Socialism
Unemployment doles can have no other effect than the perpetuation of unemployment.
LUDWIG VON MISES

Effect Perpetuation Unemployment
For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
LUDWIG VON MISES

Create Destruction Essence Private Production Social
The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES

First Freedom Order Requistle Return Speech Unrestricted
Freedom really means the freedom to make mistakes.
LUDWIG VON MISES

Freedom Make Mean Mistake
The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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Acknowledge Construction Dreadful Peace Root War Weapon
[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
LUDWIG VON MISES

Bold Design Disregard Economic Fail History Law Long Political Record
A higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISES

Civilization Cultural Higher Living Standard

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