The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
More Author Quotes
- Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man. β¨ Ludwig Von Mises (1985). Omnipotent Government: The Rise of the β¦ βΆ
- What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at substituting new values and ideas for old ones. β¨ Ludw β¦ βΆ
- Both force and money are impotent against ideas. β¨ Ludwig Von Mises (1985). Omnipotent Government: The Rise of the Total State and Total War, Libertarian Press
- What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves β¦ βΆ
- One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay β¦ βΆ
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