True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISESPlanning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
More Ludwig von Mises Quotes
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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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.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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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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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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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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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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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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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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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The most serious dangers for American freedom and the American way of life do not come from without.
LUDWIG VON MISES