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.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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Freedom really means the freedom to make mistakes.
LUDWIG VON MISES -
The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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The 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.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISES -
The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES -
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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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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He who serves the public best, makes the highest profits.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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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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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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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 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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It is important to remember that government interference always means either violent action or the threat of such action.
LUDWIG VON MISES






