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.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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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.
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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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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.
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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 issue is always the same: the government or the market. There is no third solution.
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The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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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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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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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 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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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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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He who is unfit to serve his fellow citizens wants to rule them.
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The worst evils which mankind ever had to endure were inflicted by governments.
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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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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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A new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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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 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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Depression is the aftermath of credit expansion.
LUDWIG VON MISES