The worst evils which mankind has ever had to endure were inflicted by bad governments.
Ludwig von MisesWhat governments call international monetary cooperation is concerted action for the sake of credit expansion.
Ludwig von MisesA new type of superstition has got hold of people's minds, the worship of the state.
Ludwig von MisesTrue, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
Ludwig von Mises