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.
LUDWIG VON MISESThe gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
More Ludwig von Mises Quotes
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The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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The fundamental law of the market is: the customer is always right.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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Every socialist is a disguised dictator.
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The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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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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None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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The market is a democracy in which every penny gives a right to vote.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
LUDWIG VON MISES