The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
LUDWIG VON MISESThe mark of the creative mind is that it defies a part of what it has learned.
More Ludwig von Mises Quotes
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The issue is always the same: the government or the market. There is no third solution.
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Historical knowledge is indispensable for those who want to build a better world
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He who serves the public best, makes the highest profits.
LUDWIG VON MISES -
Liberty is meaningless if it is only the liberty to agree with those in power.
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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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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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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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The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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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 greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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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.
LUDWIG VON MISES