Economic Crises Due to Government Intervention – Ludwig von Mises Quote

„Depressions and mass unemployment are not caused by the free market but by government interference in the economy.“

Ludwig von MisesLudwig von Mises explains that economic crises and mass unemployment are caused by government intervention, not the free market.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This quote by Ludwig von Mises discusses the causes of economic crises and criticizes government interventions as triggers for economic problems.


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Ludwig von Mises quote about economic crises and government intervention

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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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." Ludwig von Mises
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