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The final outcome of the credit expansion is general impoverishment.

Ludwig von Mises

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Credit Expansion Final General Impoverishment Outcome

Bagwalas

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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
LUDWIG VON MISES

Consider Courage Intelectual Most Movement People Popular Truth
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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Difficult Enter Freedom Indivisible One Restrict Soon Start Stop
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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Compromise Death Happiness Liberty Mean Misery Ownership Prefer Suffering
It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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Autonomy Freedom Individual Intellectual Nurture Progress Root Soil Ultimately
There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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Avoid Boom Collapse Credit Expansion Final Liberty Mean
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Capitalism Need Number People Standard Steadily World
Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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Authoritarian Create Enslave Limit Operation Private Property Set
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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Action First Rational Reason Think
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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Arisen Essence Father Make Out Peace Society War Work
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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Creative Genius Innovator Men School Taught
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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Attitude Boss Capital Consumer Economic Market Real Running System
The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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Against Gainst Man Men Minority Struggle Survival
The mark of the creative mind is that it defies a part of what it has learned.
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Creative Defies Learn Mark Mind
The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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Afraid Driven Liar Pronouncement Suppress
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Doctor Hard Most Renowned Self University Work
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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Arm Employment Gendarme Government Hangmen Last Prison Resort Soldier

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