There is no means by which anyone can evade his personal responsibility.
LUDWIG VON MISESCapitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
More Ludwig von Mises Quotes
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Depression is the aftermath of credit expansion.
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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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 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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The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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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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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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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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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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Freedom really means the freedom to make mistakes.
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The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES