There is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISESThe philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
More Ludwig von Mises Quotes
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Unemployment doles can have no other effect than the perpetuation of unemployment.
LUDWIG VON MISES -
In a battle between force and an idea, the latter always prevails.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
The issue is always the same: the government or the market. There is no third solution.
LUDWIG VON MISES -
For 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 MISES -
None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
LUDWIG VON MISES -
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
LUDWIG VON MISES -
[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
LUDWIG VON MISES -
Government cannot make man richer, but it can make him poorer.
LUDWIG VON MISES -
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
LUDWIG VON MISES -
The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
LUDWIG VON MISES -
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
LUDWIG VON MISES -
A free press can only exist where there is private control over the means of production
LUDWIG VON MISES -
Under capitalism everybody provides for their own needs by serving others.
LUDWIG VON MISES -
True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISES