The criterion of truth is that it works even if nobody is prepared to acknowledge it.

LUDWIG VON MISES

black
grey
blue
red
brown
white

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

Ludwig von Mises

Related Topics

Acknowledge Criteria Criterion

Bagwalas

The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.

LUDWIG VON MISES

The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
LUDWIG VON MISES

All Allegedly Capitalism Contol
In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.

LUDWIG VON MISES

In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
LUDWIG VON MISES

Catchwork Domination Other Popular Reliance Vital Yield
The final outcome of the credit expansion is general impoverishment.

LUDWIG VON MISES

The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES

Credit Expansion Final General Impoverishment Outcome
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

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

Destruction Production
Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.

LUDWIG VON MISES

Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
LUDWIG VON MISES

Economic First Prosperity
The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.

LUDWIG VON MISES

The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
LUDWIG VON MISES

Anybody Successful
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 MISES

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 MISES

Additional Borrow Fund Taxi
The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

LUDWIG VON MISES

The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
LUDWIG VON MISES

Apparatus Coercion Cutsom Pencil Policemen
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.

LUDWIG VON MISES

Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
LUDWIG VON MISES

Arm Employment Gendarme Hangmen Last Resort
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

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

Causes Crash Credit Four Summed
The issue is always the same: the government or the market. There is no third solution.

LUDWIG VON MISES

The issue is always the same: the government or the market. There is no third solution.
LUDWIG VON MISES

Issues
The first requisite for a better social order is the return to unrestricted freedom of thought and speech.

LUDWIG VON MISES

The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES

First Order Requistle Return Unrestricted
It is important to remember that government interference always means either violent action or the threat of such action.

LUDWIG VON MISES

It is important to remember that government interference always means either violent action or the threat of such action.
LUDWIG VON MISES

Mean Prison Guard Threat Violent
It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
LUDWIG VON MISES

Autonomy Nurture Root Soil Ultimately
They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.

LUDWIG VON MISES

They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
LUDWIG VON MISES

Direct Illusory Other System
Depression is the aftermath of credit expansion.

LUDWIG VON MISES

Depression is the aftermath of credit expansion.
LUDWIG VON MISES

Aftermath Credit Expansion

Created by Minimalist Quotes