There is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISESA free press can only exist where there is private control over the means of production
More Ludwig von Mises Quotes
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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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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The real bosses, in the capitalist system of market economy, are the consumers.
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The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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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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For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
LUDWIG VON MISES -
The final outcome of the credit expansion is general impoverishment.
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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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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Every socialist is a disguised dictator.
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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 flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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Liberty is always freedom from the government.
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
LUDWIG VON MISES