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The final outcome of the credit expansion is general impoverishment.
Ludwig von Mises
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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
Outcomes
Final
Finals
Credit
General
Politics
Impoverishment
Outcome
More quotes by Ludwig von Mises
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
Ludwig von Mises
where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.
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There is, in fact, only one solution: the state, the government, the laws must not in any way concern themselves with schooling or education. Public funds must not be used for such purposes. The rearing and instruction of youth must be left entirely to parents and to private associations and institutions
Ludwig von Mises
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
Ludwig von Mises
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
Ludwig von Mises
The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody.
Ludwig von Mises
Plato and Hitler were both the same kind of consistent socialists who planned also for the production of future socialists, the breeding and education of future members of society.
Ludwig von Mises
In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.
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Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.
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Nobody is in a position to decree what should make a fellow man happier.
Ludwig von Mises
All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.
Ludwig von Mises
Do not give in to evil, but proceed ever more boldly against it.
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The continued existence of society depends upon private property.
Ludwig von Mises
The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.
Ludwig von Mises
Aggressors cannot wage total war without introducing Socialism.
Ludwig von Mises
The alcoholic and the drug addict harm only themselves by their behavior the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
Ludwig von Mises
The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.
Ludwig von Mises
Economically considered, war and revolution are always bad business.
Ludwig von Mises
Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
Ludwig von Mises
The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
Ludwig von Mises
