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.
LUDWIG VON MISESGerman Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
More Ludwig von Mises Quotes
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A higher standard of living also brings about a higher standard of culture and civilization.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
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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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They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
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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.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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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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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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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 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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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
LUDWIG VON MISES