It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
LUDWIG VON MISES[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
More Ludwig von Mises Quotes
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The fundamental law of the market is: the customer is always right.
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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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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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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 liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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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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In a battle between force and an idea, the latter always prevails.
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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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Government cannot make man richer, but it can make him poorer.
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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The final outcome of the credit expansion is general impoverishment.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISES