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 MISESDepression is the aftermath of credit expansion.
More Ludwig von Mises Quotes
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Liberty is meaningless if it is only the liberty to agree with those in power.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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Do not give in to evil, but proceed ever more boldly against it.
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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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Depression is the aftermath of credit expansion.
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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The real bosses, in the capitalist system of market economy, are the consumers.
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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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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISES