The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISESMany who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
More Ludwig von Mises Quotes
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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.
LUDWIG VON MISES -
Do not give in to evil, but proceed ever more boldly against it.
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Socialism 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.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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The worst evils which mankind ever had to endure were inflicted by governments.
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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
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The final outcome of the credit expansion is general impoverishment.
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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Historical knowledge is indispensable for those who want to build a better world
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For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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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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Freedom really means the freedom to make mistakes.
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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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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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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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There is no means by which anyone can evade his personal responsibility.
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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He who is unfit to serve his fellow citizens wants to rule them.
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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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 advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
LUDWIG VON MISES