The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.
Ludwig von MisesAll those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.
Ludwig von MisesAssistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
Ludwig von MisesEconomic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.
Ludwig von Mises