Ludwig von Mises Quotes

War prosperity is like the prosperity that an earthquake or a plague brings. The earthquake means good business for construction workers, and cholera improves the business of physicians, pharmacists, and undertakers; but no one has for that reason yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Everyone would like the world always to be in bubble times. But that doesn't happen.

I think that this is the most significant financial crisis in the post-War period for the United States, and it has in fact a global reach.... I think it is extraordinarily important to understand that, as we have seen in many previous examples of different countries and different times, choking up of credit is like taking the lifeblood away from the economy.

As homeowners see the value of their homes decline, they become more likely to delay purchases of the big items - like automobiles, electronics and home appliances - that are ballasts of the American economy. When those purchases decline, large manufacturing firms, suddenly short on funds, could begin laying off employees.

Germany had the misfortune of becoming poisoned, first because of plenty, and then because of want.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

If you look at the economy, the U.S. economy, in terms of per-capita terms, in terms of other considerations, has been on the descent, ever since the beginning of the war in Indo-China. And it started really as a result of John F. Kennedy being assassinated.

Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.

Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe.

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a panic is when you have no belt to tighten and your pants fall down.

Social unrest and protectionism are the two major risks of the world economic crisis.

After the economic 9/11, we will face a new world order.

If the amount of money going into the war economy were invested in landscape restoration, we would be in a far more positive position. It may get a little dire before we pull together, but I think when the prosperous nations, and in particular the US, realise they're wrecking their own kids' lives, there will be a mass change in value. It will be a difficult century, and ugly, but I don't think that in the end people are so stupid as to kill themselves off.

You know, now that I come to think of it, the blizzard may be the best thing to happen to the American economy in 12 months.

War what is it good for? It's good for business.

No one saw the recession coming. The UK businesses were solid as a rock, but the issues we had were in Paris, New York and LA. For every pound we were making here we were losing two pounds abroad.

I am concerned about the economy. I was the first one laid off.

We recognize the force of the argument that the effects of war under modern conditions may be felt in the economy for years and years, and that if the war power can be used in days of peace to treat all the wounds which war inflicts on our society, it may not only swallow up all other powers of Congress but largely obliterate the Ninth and the Tenth Amendments as well.

Between 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process.

There is no more cruel illusion than that war makes a people richer.

The opposite of Prosperity is not poverty. It is anxiety.

War provides jobs, profits, political payoffs, research funds, and forms of political and economic power that reach into every aspect of society.