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.
LUDWIG VON MISESDepression is the aftermath of credit expansion.
More Ludwig von Mises Quotes
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The worst evils which mankind ever had to endure were inflicted by governments.
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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 state can be and has often been in the course of history the main source of mischief and disaster.
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The real bosses, in the capitalist system of market economy, are the consumers.
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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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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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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 main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
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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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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.
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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Under capitalism everybody provides for their own needs by serving others.
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The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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Taxing profits is tantamount to taxing success.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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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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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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Liberty is meaningless if it is only the liberty to agree with those in power.
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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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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
LUDWIG VON MISES