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.
LUDWIG VON MISESThey 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.
More Ludwig von Mises Quotes
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Under capitalism everybody is the architect of his own fortune.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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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 prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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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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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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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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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.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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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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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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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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Liberty is meaningless if it is only the liberty to agree with those in power.
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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