Society Is Best Served When The Means

Library Of The Works Of Ludwig Von Mises”. Here Is An Article He Wrote In 1951, Some Two Years After His Magnum Opus Human Action Appeared, Where Is Lays Out His Case In A More Popular Form. The Money Sentences Are “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. It Has Happened Again And Again In The Past, And It Will Happen In The Future, Too.

Inflation Is An Increase In The Quantity Of Money Without A Corresponding Increase In The Demand For Money, I.e., For Cash Holdings.

The Entrepreneur Profits To The Extent He Has Succeeded In Serving The Consumers Better Than Other People Have Done.

Only Stilted Pedants Can Conceive The Idea That There Are Absolute Norms To Tell What Is Beautiful And What Is Not. They Try To Derive From The Works Of The Past A Code Of Rules With Which, As They Fancy, The Writers And Artists Of The Future Should Comply. But The Genius Does Not Cooperate With The Pundit.

The Essential Feature Of Government Is The Enforcement Of Its Decrees By Beating, Killing, And Imprisoning.