There is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISESThe truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
More Ludwig von Mises Quotes
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Under capitalism everybody is the architect of his own fortune.
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In a battle between force and an idea, the latter always prevails.
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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 entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
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The mark of the creative mind is that it defies a part of what it has learned.
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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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Taxing profits is tantamount to taxing success.
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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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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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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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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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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
LUDWIG VON MISES






