The mark of the creative mind is that it defies a part of what it has learned.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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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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Depression is the aftermath of credit expansion.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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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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The state can be and has often been in the course of history the main source of mischief and disaster.
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In a battle between force and an idea, the latter always prevails.
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Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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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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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 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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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 fundamental law of the market is: the customer is always right.
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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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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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The real bosses, in the capitalist system of market economy, are the consumers.
LUDWIG VON MISES