Economics is not about things and tangible material objects; it is about men, their meanings and actions.
LUDWIG VON MISESThose who are asking for more government interference are asking ultimately for more compulsion and less freedom.
More Ludwig von Mises Quotes
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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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Freedom really means the freedom to make mistakes.
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In a battle between force and an idea, the latter always prevails.
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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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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.
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There is no means by which anyone can evade his personal responsibility.
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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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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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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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The mark of the creative mind is that it defies a part of what it has learned.
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Depression is the aftermath of credit expansion.
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A higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISES