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.
LUDWIG VON MISESThey 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.
More Ludwig von Mises Quotes
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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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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.
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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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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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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 liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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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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There is no means by which anyone can evade his personal responsibility.
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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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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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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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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.
LUDWIG VON MISES