The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence. β¨ Ludwig von Mises (2016). Human Action, p.585, Lulu Press, Inc
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- Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon. β¨ Ludwig Von Mises (1963). Human action: a treatise on economics
- The philosophy of protectionism is a philosophy of war.
- 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 β¦ βΆ
- There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible. To control everything, to leave no ro β¦ βΆ
- A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the affluence that it bestows upon the common man.
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