The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES
LUDWIG VON MISES
Ludwig von Mises on credit
Ludwig von Mises123 quotes“The final outcome of the credit expansion is general impoverishment.”
More from Ludwig von Mises
They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
Ludwig von MisesLudwig von Mises The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
Ludwig von MisesLudwig von Mises They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
Ludwig von MisesLudwig von Mises The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
Ludwig von MisesLudwig von Mises German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
Ludwig von MisesLudwig von Mises 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.
Ludwig von MisesLudwig von Mises Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
Ludwig von MisesLudwig von Mises Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
Ludwig von MisesLudwig von Mises 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.
Ludwig von MisesLudwig von Mises 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.
Ludwig von MisesLudwig von Mises 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.
Ludwig von MisesLudwig von Mises Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
Ludwig von MisesLudwig von Mises Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
Ludwig von MisesLudwig von Mises 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.
Ludwig von MisesLudwig von Mises Liberty is meaningless if it is only the liberty to agree with those in power.
Ludwig von MisesLudwig von Mises Every socialist is a disguised dictator.
Ludwig von MisesLudwig von Mises
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More on credit
In victory even the cowardly like to boast, while in adverse times even the brave are discredited.
SallustSallust My voice belongs to me, from God. People will comment, “Your voice helped me through.” Maybe it’s God in me, because I don’t take credit for that.
Aaron NevilleAaron Neville Everything which is good in me should be credited to books.
Maxim GorkyMaxim Gorky First of all, the music that people call Latin or Spanish is really African. So Black people need to get the credit for that.
Carlos SantanaCarlos Santana When women love us, they forgive us everything, even our crimes; when they do not love us, they give us credit for nothing, not even our virtues.
Honore de BalzacHonore de Balzac If somebody has a better idea than me, I’ll take it if it surpasses what we have on the page because at the end of the day, it’s me that takes the credit anyway!
Guy RitchieGuy Ritchie I am the luckiest old broad on two feet if the truth were known. It’s – but it all goes back to ‘Mary Tyler Moore,’ ‘Golden Girls,’ all those – actors love to take the credit. We couldn’t do it without the writers.
Betty WhiteBetty White The credulity of dupes is as inexhaustible as the invention of knaves.
Edmund BurkeEdmund Burke