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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

Ludwig von Mises

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Causes Crash Credit Depression Four Panic Summed

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The Welfare State is merely a method for transforming the market economy step by step into socialism.
LUDWIG VON MISES

Market Misery Socialism State Step Transform Welfare
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
LUDWIG VON MISES

Causes Crash Credit Depression Four Panic Summed
The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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Anybody Cause Contrary Corollary Entrepreneur Make People Poverty Process Rich Some Want
The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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Consider Courage Intelectual Most Movement People Popular Truth
A higher standard of living also brings about a higher standard of culture and civilization.
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Civilization Cultural Higher Living Standard
It is important to remember that government interference always means either violent action or the threat of such action.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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Adopt Fight Method Totalitarian Vain
There is no means by which anyone can evade his personal responsibility.
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Anyone Evade Mean Personal Responsibility
The most serious dangers for American freedom and the American way of life do not come from without.
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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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Class Freely Philosophy Progressive Tap Taxation Wealth
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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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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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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Under capitalism everybody is the architect of his own fortune.
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All 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
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He who is unfit to serve his fellow citizens wants to rule them.
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Citizen Fellow Rule Them Until Want

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