There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
Ludwig von MisesIf it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.
Ludwig von MisesThere cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.
Ludwig von MisesThe democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments.
Ludwig von MisesGovernment policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.
Ludwig von MisesUsed to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household.
Ludwig von Mises