Ludwig von Mises

Liberty Quotation: Mises on the Hard Consequences of Easy Money

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Mises“There is no means of avoiding the final collapse of a boom brought about by credit expansion.  The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
Ludwig von Mises, Human Action [1949]

Liberty Quotation: Ludwig von Mises on Society and Peacemaking

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Mises“Society has arisen out of the works of peace; the essence of society is peacemaking.  Peace and not war is the father of all things.  Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness.  Peace builds; war destroys.  Nations are fundamentally peaceful because they recognize the predominant utility of peace.  They accept war only in self-defense; wars of aggression they do not desire.  It is the princes who want war, because thus they hope to get money, goods, and power.  It is the business of the nations to prevent them from achieving their desire by denying them the means necessary for making war.”

Ludwig von Mises, Socialism [English ed. 1951]

Liberty Quotation of the Day: Ludwig von Mises on Peace and Statism

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Mises“Whoever wishes peace among peoples must fight statism.”

Ludwig von Mises, Nation, State, and Economy [1919]