Depression is the aftermath of credit expansion. Ludwig von Mises More Quotes by Ludwig von Mises More Quotes From Ludwig von Mises The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They 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. 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. Ludwig von Mises garden blessing men The worst evils which mankind has ever had to endure were inflicted by bad governments. Ludwig von Mises government war peace It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism. Ludwig von Mises envy feelings believe Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created. Ludwig von Mises order mean years The real bosses, in the capitalist system of market economy, are the consumers. Ludwig von Mises boss economy real Every socialist is a disguised dictator. Ludwig von Mises dictator socialist If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action. Ludwig von Mises laissez-faire weakness government Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them. Ludwig von Mises creative men school 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 Ludwig von Mises liberty fighting people Government cannot make man richer, but it can make him poorer. Ludwig von Mises liberty politics men The riches of successful entrepreneurs is not the cause of anybody's poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur's efforts. Ludwig von Mises entrepreneur effort successful Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism. Ludwig von Mises philosophical hands ideas 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. 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. Ludwig von Mises freedom government ideas Those who are asking for more government interference are asking ultimately for more compulsion and less freedom. Ludwig von Mises government war peace The issue is always the same: the government or the market. There is no third solution. Ludwig von Mises issues liberty government Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods. Ludwig von Mises achievement speak needs He who serves the public best, makes the highest profits. Ludwig von Mises profit highest It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom. The first requisite for a better social order is the return to unrestricted freedom of thought and speech. Ludwig von Mises fighting men order What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are. Ludwig von Mises socialism envy expectations [E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics Ludwig von Mises government law long
