Skip to content

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

— Ludwig von Mises Socialism (1922)

Another quote →

More quotes by Ludwig von Mises

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

The men who are to protect the community against violent aggression easily turn into the most dangerous aggressors. They transgress their mandate.

The Ultimate Foundation of Economic Science (1962)

In a battle between force and an idea, the latter always prevails.

Liberalism (1927)

Repression by brute force is always a confession of the inability to make use of the better weapons of the intellect — better because they alone give promise of final success.

Liberalism (1927)

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

The Ultimate Foundation of Economic Science (1962)

All Ludwig von Mises quotes →

Attribution

Quote text and notes from Wikiquote: Ludwig von Mises (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.