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Ludwig von Mises
Thu, 11/11/2010 - 12:03 — frlarry
- The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. 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 a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
- Human Action, Chapter XX, Section 8.
- A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. To stress this point is the task of economics as it is the task of biology and chemistry to teach that potassium cyanide is not a nutriment but deadly poison.
- Human Action, Chapter XXIV, Section 3.
- "Atlas Shrugged" is not merely a novel. It is also — or may I say: first of all — a cogent analysis of the evils that plague our society, a substantiated rejection of the ideology of our self-styled "intellectuals" and a pitiless unmasking of the insincerity of the policies adopted by governments and political parties. It is a devastating exposure of the "moral cannibals," the "gigolos of science" and of the "moral prattle of the makers of the "anti-industrial revolution." You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you.
- From a letter to Ayn Rand. Rand and von Mises were, in their own way, elitists, only they didn't pretend to be focused on the needs of the underprivileged like Hitler, Stalin and Margaret Sanger, and, therefore, they did not seek to exploit them politically, or to ensure that they would die off.