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What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.

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
Productions
Deposits
Credit
Additional
Built
Expansion
Needed
Collapse
Media
Capital
Sound
Sand
Money
Goods
Fiduciary
Must
Production
Sands

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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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The real bosses, in the capitalist system of market economy, are the consumers.
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Historical knowledge is indispensable for those who want to build a better world
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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The living is not perfect because it is liable to change the dead is not perfect because it does not live.
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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
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Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints
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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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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
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Economically considered, war and revolution are always bad business.
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The Pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used.
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When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
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