True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISESThis is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
More Ludwig von Mises Quotes
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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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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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 -
If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty.
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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.
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There is no means by which anyone can evade his personal responsibility.
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The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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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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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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
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The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
LUDWIG VON MISES