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.
LUDWIG VON MISESThey 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.
LUDWIG VON MISESTyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
LUDWIG VON MISESThe most serious dangers for American freedom and the American way of life do not come from without.
LUDWIG VON MISESGovernment is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
LUDWIG VON MISESAll they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
LUDWIG VON MISESInflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
LUDWIG VON MISESIf 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.
LUDWIG VON MISESThe 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.
LUDWIG VON MISESThe struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
LUDWIG VON MISESIn a battle between force and an idea, the latter always prevails.
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 MISESInnovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
LUDWIG VON MISESThe market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISESThe 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.
LUDWIG VON MISESFreedom really means the freedom to make mistakes.
LUDWIG VON MISESThe causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
LUDWIG VON MISES