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 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.
LUDWIG VON MISESWhat 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 MISESUnemployment doles can have no other effect than the perpetuation of unemployment.
LUDWIG VON MISESThe 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 MISESPlanning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
LUDWIG VON MISESGerman Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISESA higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISESAll people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
LUDWIG VON MISESThe liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
LUDWIG VON MISESThe fundamental law of the market is: the customer is always right.
LUDWIG VON MISESFor destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
LUDWIG VON MISESInnovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
LUDWIG VON MISESThe criterion of truth is that it works even if nobody is prepared to acknowledge it.
LUDWIG VON MISESThe Welfare State is merely a method for transforming the market economy step by step into socialism.
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 MISESThe struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
LUDWIG VON MISES