The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
LUDWIG VON MISESWhat 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.
More Ludwig von Mises Quotes
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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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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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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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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 struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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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 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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A higher standard of living also brings about a higher standard of culture and civilization.
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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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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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Freedom really means the freedom to make mistakes.
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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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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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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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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.
LUDWIG VON MISES