Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
LUDWIG VON MISESMany who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
More Ludwig von Mises Quotes
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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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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.
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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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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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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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Every socialist is a disguised dictator.
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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.
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Historical knowledge is indispensable for those who want to build a better world
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It is important to remember that government interference always means either violent action or the threat of such action.
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The issue is always the same: the government or the market. There is no third solution.
LUDWIG VON MISES