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Planned Chaos (1947)

Ludwig von Mises


Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.Planned Chaosp. 21Business Cycles
Freedom and liberty always mean freedom from police interference.Planned Chaosp. 64Police Power
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.Planned Chaospp. 20-21Unemployment
He who proclaims the godliness of the State and the infallibility of its priests, the bureaucrats, is considered as an impartial student of the social sciences.Planned Chaosp. 16State
If history could prove and teach us anything, it would be that private ownership of the means of production is a necessary requisite of civilization and material well-being. . . . Only nations committed to the principle of private property have risen above penury and produced science, art and literature.Planned Chaosp. 81Private Property
In spite of the anti-capitalistic policies of all governments and of almost all political parties, the capitalist mode of production is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.Planned Chaosp. 15Capitalism
It belongs to the very essence of a society based on private ownership of the means of production that every man may work and dispose of his earnings where he thinks best.Planned Chaosp. 81Private Property
It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.Planned Chaosp. 64Rule of Law
It is the social function of the laws to curb the arbitrariness of the police. The rule of law restricts the arbitrariness of the officers as much as possible. It strictly limits their discretion and thus assigns to the citizens a sphere in which they are free to act without being frustrated by government interference.Planned Chaospp. 63-64Rule of Law
No social cooperation under the division of labor is possible when some people or unions of people are granted the right to prevent by violence and the threat of violence other people from working.Planned Chaosp. 27Unions
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