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.
Liberty is meaningless if it is only the liberty to agree with those in power. - Ludwig Von Mises
Liberty is meaningless if it is only the liberty to agree with those in power.
- Ludwig Von Mises
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. - Ludwig Von Mises
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come … - Ludwig Von Mises
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come …
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
Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
Every socialist is a disguised dictator. - Ludwig Von Mises
Every socialist is a disguised dictator.
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… - Ludwig Von Mises
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…
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion. - Ludwig Von Mises
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years o… - Ludwig Von Mises
Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years o…
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that co… - Ludwig Von Mises
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that co…
Login to join the discussion
Login to join the discussion