Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
LUDWIG VON MISESUnder capitalism everybody is the architect of his own fortune.
More Ludwig von Mises Quotes
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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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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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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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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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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 greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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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.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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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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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
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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 root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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Do not give in to evil, but proceed ever more boldly against it.
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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.
LUDWIG VON MISES