The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
LUDWIG VON MISESGovernment cannot make man richer, but it can make him poorer.
More Ludwig von Mises Quotes
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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The final outcome of the credit expansion is general impoverishment.
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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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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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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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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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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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A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. 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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The mark of the creative mind is that it defies a part of what it has learned.
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Under capitalism everybody provides for their own needs by serving others.
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Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISES