“You can’t reform any institution from inside because people don’t act against their own interest. The only way you reform institutions is by competition from the outside.” — Milton Friedman

“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.” — Ludwig von Mises

"The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Inevitably he comes to the conclusion that the government he lives under is dishonest, insane & intolerable" — H.L. Mencken

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." –Thomas Jefferson

Two economists. Two different conclusions. In the late 1920s, Irving Fisher believed that monetary stabilization could stabilize the dollar and help overcome the business cycle. Ludwig von Mises did not agree with that approach. In 1928, he challenged Fisher’s monetary views, arguing that artificially low interest rates and credit expansion could fuel an economic boom that would eventually end in crisis. Fisher remained confident in the stock market even in October 1929. Then came the crash and the Great Depression.