Archive for category: Ludwig von Mises

“Planners claim that their plans are scientific and that, among decent people with good intentions, there can be no disagreements about them. Yet there is no such thing as a “scientific ought.” Science serves to determine what is. It can never prescribe what ought to be or what goals people should pursue. It is a fact that people disagree in their value judgments. It is outrageous to arrogate to oneself the right to override others’ plans and force them to submit to the planner’s design.”

Ludwig von Mises

“There is no way to prevent the final collapse of a boom generated by credit expansion. The only alternative is either an earlier crisis resulting from the voluntary termination of credit expansion, or a later, final, and total catastrophe for the currency system involved.”

Ludwig von Mises