The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
LUDWIG VON MISESThe gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
LUDWIG VON MISESThere is no means by which anyone can evade his personal responsibility.
LUDWIG VON MISESIt is important to remember that government interference always means either violent action or the threat of such action.
LUDWIG VON MISESDepression is the aftermath of credit expansion.
LUDWIG VON MISESThe essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
LUDWIG VON MISESLaissez 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.
LUDWIG VON MISESUnder capitalism everybody is the architect of his own fortune.
LUDWIG VON MISESAll they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
LUDWIG VON MISESGerman Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISESThe characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
LUDWIG VON MISESThe worst evils which mankind ever had to endure were inflicted by governments.
LUDWIG VON MISESSocialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
LUDWIG VON MISESUnder capitalism everybody provides for their own needs by serving others.
LUDWIG VON MISESTheir 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 MISESThere is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISESThe entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISES