True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISESKnow that every breath is a miracle and every moment a blessing and you will achieve your dreams.
More Ludwig von Mises Quotes
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Freedom really means the freedom to make mistakes.
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The fundamental law of the market is: the customer is always right.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to 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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Historical knowledge is indispensable for those who want to build a better world
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In a battle between force and an idea, the latter always prevails.
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A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. 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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He who is unfit to serve his fellow citizens wants to rule them.
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Liberty is always freedom from the government.
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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.
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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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A free press can only exist where there is private control over the means of production
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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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Under capitalism everybody provides for their own needs by serving others.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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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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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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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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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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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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 struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
LUDWIG VON MISES