The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISESSocialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
More Ludwig von Mises Quotes
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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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The final outcome of the credit expansion is general impoverishment.
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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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.
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None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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Taxing profits is tantamount to taxing success.
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They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
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The most serious dangers for American freedom and the American way of life do not come from without.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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Under capitalism everybody provides for their own needs by serving others.
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There is no means by which anyone can evade his personal responsibility.
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They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
LUDWIG VON MISES