The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
LUDWIG VON MISESA 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.
More Ludwig von Mises Quotes
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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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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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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A free press can only exist where there is private control over the means of production
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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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 whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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Liberty is meaningless if it is only the liberty to agree with those in power.
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The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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Government cannot make man richer, but it can make him poorer.
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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The issue is always the same: the government or the market. There is no third solution.
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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 essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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It is important to remember that government interference always means either violent action or the threat of such action.
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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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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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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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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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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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Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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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.
LUDWIG VON MISES