The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.
Ludwig von MisesA higher standard of living also brings about a higher standard of culture and civilization.
Ludwig von MisesAmerican authors or scientists are prone to consider the wealthy businessman as a barbarian, as a man exclusively intent upon making money.
Ludwig von MisesIt is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.
Ludwig von MisesThe goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too. When there is private ownership of the means of production everywhere and when laws, the tribunals and the administration treat foreigners and citizens on equal terms, it is of little importance where a country's frontiers are drawn... War no longer pays; there is no motive for aggression... All nations can coexist peacefully.
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