Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.
Ludwig von MisesIt is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.
Ludwig von MisesThe common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.
Ludwig von MisesWar can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
Ludwig von MisesThe gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
Ludwig von Mises