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Depression is the aftermath of credit expansion.

Ludwig von Mises

Related Topics

Aftermath Credit Depression Expansion

Bagwalas

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The real bosses, in the capitalist system of market economy, are the consumers.
LUDWIG VON MISES

Boss Capital Consumer Market System
Under capitalism everybody is the architect of his own fortune.
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Architect Capitalism Character Fortune Kwanzaa Own
The worst evils which mankind ever had to endure were inflicted by governments.
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Endure Evil Government Infected Mankind Worst
Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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Attribute Bosses Easy Make Men Profit Result Stem
If 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 MISES

Account Faire Faliblity Government Laissez Man Moral React Reason Reject Same Weakness
In a battle between force and an idea, the latter always prevails.
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Battle Between Force Ideas Latterm Prevail
The most serious dangers for American freedom and the American way of life do not come from without.
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Come Country Danger Life Serious Way
The truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
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Doe Giving Government Somebody Truth
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
The market is a democracy in which every penny gives a right to vote.
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Democracy Enny Give Giving Market Pennies
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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Attitude Boss Capital Consumer Economic Market Real Running System
He who serves the public best, makes the highest profits.
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Best Highest Make Profit Public Service
There is no means by which anyone can evade his personal responsibility.
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Anyone Evade Mean Personal Responsibility
Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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Archive Bless Breath Breathe Dream Know Miracle Moment
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Corollary Economic Government Market Political Representative Socialism
The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
LUDWIG VON MISES

Class Freely Philosophy Progressive Tap Taxation Wealth

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