A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
LUDWIG VON MISESFreedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
More Ludwig von Mises Quotes
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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The market is a democracy in which every penny gives a right to vote.
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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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The final outcome of the credit expansion is general impoverishment.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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It is important to remember that government interference always means either violent action or the threat of such action.
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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
LUDWIG VON MISES