Quote

Depression is the aftermath of credit expansion.

Ludwig von Mises

Change background

T
T
T

Change font

TAGS & TOPICS

Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Expansion
Depression
Credit
Aftermath

More quotes by Ludwig von Mises

Image
A new type of superstition has got hold of people's minds, the worship of the state.
Ludwig von Mises
Image
The tow pillars of democratic government are the primacy of the law and the budget.
Ludwig von Mises
Image
Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.
Ludwig von Mises
Image
The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.
Ludwig von Mises
Image
Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
Ludwig von Mises
Image
Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
Ludwig von Mises
Image
Society is only possible on these terms, that the individual finds therein a strengthening of his own ego and his own will.
Ludwig von Mises
Image
There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
Ludwig von Mises
Image
Progress is precisely that which rules and regulations did not foresee.
Ludwig von Mises
Image
The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.
Ludwig von Mises
Image
Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.
Ludwig von Mises
Image
During the 2300 years since Plato, very little opposition has been registered to his ideas.
Ludwig von Mises
Image
The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
Ludwig von Mises
Image
Nobody can be at the same time a correct bureaucrat and an innovator
Ludwig von Mises
Image
Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
Ludwig von Mises
Image
In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.
Ludwig von Mises
Image
It is always the individual who thinks. Society does not think any more than it eats or drinks. The evolution of human reasoning from the naive thinking of primitive man to the more subtle thinking of modern science took place within society. However, thinking itself is always an achievement of individuals.
Ludwig von Mises
Image
It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.
Ludwig von Mises
Image
Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
Ludwig von Mises
Image
Public opinion always wants easy money, that is, low interest rates.
Ludwig von Mises