Ludwig von Mises Quote on Depression and Credit Expansion
“Depression is the aftermath of credit expansion.”
Ludwig von Mises
Author Archive for: Jan
Entries by Jan
Welfare State and Socialism – Ludwig von Mises Quote
“The Welfare State is merely a method for transforming the market economy step by step into socialism.”
Ludwig von Mises
Elon Musk Quote on Change and Disaster
“Some people don’t like change, but you need to embrace change if the alternative is disaster.”
Elon Musk
Ludwig von Mises Quote on Money Supply and Purchasing Power
“If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.”
Ludwig von Mises
Ludwig von Mises on Capitalism and Living Standards
“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.”
Ludwig von Mises
Quote by Ludwig von Mises on Envy and Socialism
“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
Quote by Ludwig von Mises: The Worst Law vs Bureaucratic Tyranny
“The worst law is better than bureaucratic tyranny.”
Ludwig von Mises
Charles Wright Mills Quote on Citizens and Private Life
“If we accept the Greek’s definition of the idiot as an altogether private man, then we must conclude that many American citizens are now idiots. And I should not be surprised, although I don’t know, if there were some such idiots even in Germany.”
Charles Wright Mills
Quote by Ludwig von Mises on Individual and Rational Action
“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
Ludwig von Mises
Quote by Ludwig von Mises on Central Planning and Dictatorship
“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.”
Ludwig von Mises