The issue is always the same: the government or the market. There is no third solution.
LUDWIG VON MISESCapitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
More Ludwig von Mises Quotes
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In a battle between force and an idea, the latter always prevails.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISES -
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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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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He who is unfit to serve his fellow citizens wants to rule them.
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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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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A new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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Taxing profits is tantamount to taxing success.
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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
LUDWIG VON MISES