Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. Ludwig von Mises More Quotes by Ludwig von Mises More Quotes From Ludwig von Mises The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933. Ludwig von Mises united-states outcomes facts Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will. Ludwig von Mises spheres individual limits We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas. Ludwig von Mises substitutes fighting ideas Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon. Ludwig von Mises intellectual business spiritual There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom. Ludwig von Mises economic environment world It is necessary to curb the power of government. This is the task of all constitutions, bills of rights and laws. This is the meaning of all struggles which men have fought for liberty. Ludwig von Mises freedom struggle men The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends. Ludwig von Mises men life mean An anti-something movement displays a purely negative attitude. It has no chance whatever to succeed. Its passionate diatribes virtually advertise the program they attack. People must fight for something that they want to achieve, not simply reject an evil, however bad it may be. Ludwig von Mises fighting attitude people The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody. Ludwig von Mises magic government giving It is evident that youth is the first victim of the trend toward bureaucratization. The young men are deprived of any opportunity to shape their own fate. Ludwig von Mises fate opportunity men A new type of superstition has got hold of people's minds, the worship of the state. Ludwig von Mises superstitions mind people Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and the theories. Ludwig von Mises interpretation facts ideas Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful. Ludwig von Mises socialism prove management As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome. Ludwig von Mises helping-others overcoming mean Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them. Ludwig von Mises income demand pay If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State. Ludwig von Mises unnecessary limits mean The capitalist system was termed "capitalism" not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx. Ludwig von Mises historical evil men The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation. Ludwig von Mises taxation entrepreneur succeed Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity? Ludwig von Mises quota gold years Peace and not war is the father of all things. Ludwig von Mises war peace father
