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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

Related Topics

Depression Government Interference Market Mass Unemployment

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The most serious dangers for American freedom and the American way of life do not come from without.
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Come Country Danger Life Serious Way
The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES

First Freedom Order Requistle Return Speech Unrestricted
The mark of the creative mind is that it defies a part of what it has learned.
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Creative Defies Learn Mark Mind
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.
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Bless Championship Characteristics Garden Men Observation Progressive Recommend Routine Socialism System
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.
LUDWIG VON MISES

Abandonment Alternative Come Currency Expansion Involved Sooner Voluntary Whether
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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Choose Division Entrepreneur Faire Individual Labor Liassez Mean Mechanical Operate Soules
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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Despotism Freedom Oligarch Opinion Public Resistance Struggle Ultimately
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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Causes Crash Credit Depression Four Panic Summed
Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
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Better Least Mean Order Pretend Socialism Spoiler Thousand Year
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Doctor Hard Most Renowned Self University Work
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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Difficult Enter Freedom Indivisible One Restrict Soon Start Stop
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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Appearance Artificial Boom Collapse Create Depression Expansion Open Soon Way
Under capitalism everybody is the architect of his own fortune.
LUDWIG VON MISES

Architect Capitalism Character Fortune Kwanzaa Own
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
LUDWIG VON MISES

Attitude Boss Capital Consumer Economic Market Real Running System
The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISES

Democracy Enny Give Giving Market Pennies
The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
LUDWIG VON MISES

Consider Courage Intelectual Most Movement People Popular Truth

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