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Ludwig von Mises Quotes: Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.
         

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.


Ludwig von Mises
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Other quotes of Ludwig von Mises


Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.



The worst evils which mankind has ever had to endure were inflicted by bad governments.

The worst evils which mankind has ever had to endure were inflicted by bad governments.



[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics



The real bosses, in the capitalist system of market economy, are the consumers.

The real bosses, in the capitalist system of market economy, are the consumers.



Government cannot make man richer, but it can make him poorer.

Government cannot make man richer, but it can make him poorer.



The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.



If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.



The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.



Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.



Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.





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Forgiveness is one of the keys to moving forward because if you don't forgive, you are stuck in the past.

Forgiveness is one of the keys to moving forward because if you don't forgive, you are stuck in the past.



- Murder is a sin. It's a sin in Judaism, it's a sin in Christianity, it's a sin in Islam and every other…- I'll decide what's a sin.

- Murder is a sin. It's a sin in Judaism, it's a sin in Christianity, it's a sin in Islam and every other…- I'll decide what's a sin.



I'm just a young guy with big dreams who is working hard to make it on top while many people are waiting for my downfall, they don't support but hate and talk negativity.

I'm just a young guy with big dreams who is working hard to make it on top while many people are waiting for my downfall, they don't support but hate and talk negativity.




Passion makes the world go round. Love just makes it a safer place.

Passion makes the world go round. Love just makes it a safer place.



Chaos was the natural law of the universe. Indifference was the engine of entropy. Man's apathy was the fertile ground in which the dark spirits tended their seeds.

Chaos was the natural law of the universe. Indifference was the engine of entropy. Man's apathy was the fertile ground in which the dark spirits tended their seeds.



We, who have so much, must do more to help those in need. And most of all, we must live simply, so that others may simply live.

We, who have so much, must do more to help those in need. And most of all, we must live simply, so that others may simply live.



I'm gluten free, but that still allows me some chocolate!

I'm gluten free, but that still allows me some chocolate!



My favorite food is macaroni and cheese that my grandma makes. My favorite drink has to be Vita Coco coconut water.

My favorite food is macaroni and cheese that my grandma makes. My favorite drink has to be Vita Coco coconut water.



First you harmonize, then you customize.

First you harmonize, then you customize.




Quote Description


This page presents the quote "Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.". Author of this quote is Ludwig von Mises. This quote is about slumps, way, economic, theory, credit, crisis, monetary, prosperity, policy,.