The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
LUDWIG VON MISESPlanning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
More Ludwig von Mises Quotes
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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.
LUDWIG VON MISES -
Do not give in to evil, but proceed ever more boldly against it.
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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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Freedom really means the freedom to make mistakes.
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Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
LUDWIG VON MISES -
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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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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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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Liberty is meaningless if it is only the liberty to agree with those in power.
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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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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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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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Liberty is always freedom from the government.
LUDWIG VON MISES