My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.
Ludwig von MisesThose fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow.
Ludwig von MisesCredit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.
Ludwig von MisesFree markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
Ludwig von Mises