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Depression is the aftermath of credit expansion.

Ludwig von Mises

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Aftermath Credit Depression Expansion

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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
LUDWIG VON MISES

Creative Genius Innovator Men School Taught
Liberty is always freedom from the government.
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Always Government Liberty
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Doctor Hard Most Renowned Self University Work
The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
LUDWIG VON MISES

Approach Distinteretedness Economic Entrepreneur Interventionist Liberty Matter People Scientific Study
The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
LUDWIG VON MISES

Bless Championship Characteristics Garden Men Observation Progressive Recommend Routine Socialism System
A free press can only exist where there is private control over the means of production
LUDWIG VON MISES

Control Free Mean Over Press Private Production
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.
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Anybody Effort Entrepreneur Poverty Successful
The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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Capitalist Consumer Entrepreneur Succeed Supply Technologies
German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISES

Against Change Coin Country Human Human Nature Nature Philosophy Political Socialism
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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Call Freedom Liberal Popular Press Religion Speech Though Today
Depression is the aftermath of credit expansion.
LUDWIG VON MISES

Aftermath Credit Depression Expansion
None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
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Approach Battle Decisive Hang None Plunged Result Unconcern
Do not give in to evil, but proceed ever more boldly against it.
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Against Evil Giving Invest Proceed
A higher standard of living also brings about a higher standard of culture and civilization.
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Civilization Cultural Higher Living Standard
The Welfare State is merely a method for transforming the market economy step by step into socialism.
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Market Misery Socialism State Step Transform Welfare
Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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Economic First Intellectual Problem Prosperity Spiritual

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