Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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 .
More Ludwig von Mises Quotes
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Under capitalism everybody is the architect of his own fortune.
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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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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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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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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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Under capitalism everybody provides for their own needs by serving others.
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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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Historical knowledge is indispensable for those who want to build a better world
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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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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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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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.
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The final outcome of the credit expansion is general impoverishment.
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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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The issue is always the same: the government or the market. There is no third solution.
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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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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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Liberty is always freedom from the government.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISES