A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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The most serious dangers for American freedom and the American way of life do not come from without.
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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In a battle between force and an idea, the latter always prevails.
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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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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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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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The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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Freedom really means the freedom to make mistakes.
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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 they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
LUDWIG VON MISES