The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
LUDWIG VON MISESIf you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
More Ludwig von Mises Quotes
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Inflation 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 .
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He who is unfit to serve his fellow citizens wants to rule them.
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In a battle between force and an idea, the latter always prevails.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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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.
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The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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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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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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Liberty is meaningless if it is only the liberty to agree with those in power.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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.
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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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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
LUDWIG VON MISES