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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.

Ludwig von Mises

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Appearance Artificial Boom Collapse Create Depression Expansion Open Soon Way

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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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Alternative Being Capitalism Human Men Politics Socialism System
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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Abuse Capitalism Destroy Eager Government Most Profit System Yet
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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Archive Bless Breath Breathe Dream Know Miracle Moment
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.
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Attitude Boss Capital Consumer Economic Market Real Running System
Taxing profits is tantamount to taxing success.
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Profit Success Tantamount Tax
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
There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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Avoid Boom Collapse Credit Expansion Final Liberty Mean
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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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Constitution Direct Freedom Government Illusory Law Market Other System
State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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