Money creation | Quotes about the magic of money

"In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income." Ludwig von Mises

"The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all." Ludwig von Mises

"There is no reason why capitalists and entrepreneurs should be ashamed of earning profits." Ludwig von Mises

"Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism." Ludwig von Mises

"Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own." Ludwig von Mises

"It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction." Ludwig von Mises

"The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions." Ludwig von Mises

"The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply." Ludwig von Mises

"Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are." Albert Jay Nock

"To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire." Ludwig von Mises

"As soon as a crisis breaks out, within the given institutional framework, the same mistake will be made over and over again, on a larger and larger scale. Every future crisis will be bigger than the crisis that we had before." Hans-Hermann Hoppe

"Families, authority, communities, and social ranks are the empirical-sociological concretization of the abstract philosophical-praxeological categories and concepts of property, production, exchange, and contract. Property and property relations do not exist apart from families and kinship relations." Hans-Hermann Hoppe

"He who serves the public best, makes the highest profits." Ludwig von Mises

"Our entire biological system, the brain, and the Earth itself, work on the same frequencies." Nikola Tesla