Ludwig von Mises Quotes

All too often a family’s spending is governed more by their yearning than by their earning. They somehow believe that their life will be better if they surround themselves with an abundance of things. All too often all they are left with is avoidable anxiety and distress

Look, I don't dispute that the deficit has increased.

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.

Americans have spent their way to happiness.

Spending is an addiction.

I'm gonna be a happy idiot and struggle for the legal tender. Where the ads take aim and lay their claim to the heart and the soul of the spender. And believe in whatever may lie in those things that money can buy, though true love could have been a contender.

But to believe that getting stuff is the purpose and aim of life is madness.

To me, there is no greater threat than our debt. I'm the only fiscal conservative on the stage because I'm willing to hold the line on all spending.

A tough but nervous, tenacious but restless race [the Yankees]; materially ambitious, yet prone to introspection, and subject to waves of religious emotion. . . . A race whose typical member is eternally torn between a passion for righteousness and a desire to get on in the world.

There is probably a high percentage of Native Americans as well as non-Indians who feel that participating in this greater American economy that you mentioned is and has become a recipe for disaster in the long term, because the response to social and environmental problems has been responded to with a drug mentality, which is to say, anything for the quick fix. And it has trained the public to always believe they are one purchase away from happiness.

We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.

Consider Christmas - could Satan in his most malignant mood have devised a worse combination of graft plus bunkum than the system whereby several hundred million people get a billion or so gifts for which they have no use, and some thousands of shop clerks die of exhaustion while selling them, and every other child in the Western world is made ill from overeating - all in the name of the lowly Jesus?

The take-home message is that we should blame religion itself, not religious extremism - as though that were some kind of terrible perversion of real, decent religion. Voltaire got it right long ago: 'Those who can make you believe absurdities can make you commit atrocities.' So did Bertrand Russell: 'Many people would sooner die than think. In fact they do.

I guess money can't buy happiness if you shop in the wrong places.

We now know that inflation results from all that deficit spending.

We believe we will be made whole by our accomplishments, our possessions, or our social status. It's written in the fabric of our DNA that life used to be beautiful and now it isn't, and if only this and only that, it would be beautiful again.

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

The money complex is the demonic, and the demonic is God's ape; the money complex is therefore the heir to and substitute for the religious complex, an attempt to find God in things.

Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.

Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.

We get a deal o' useless things about us, only because we've got the money to spend.

In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.

If you buy the things you don't need, you will soon be selling the things that you need.