Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
LUDWIG VON MISESTyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
More Ludwig von Mises Quotes
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They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
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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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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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Liberty is meaningless if it is only the liberty to agree with those in power.
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The fundamental law of the market is: the customer is always right.
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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The 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.
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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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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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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 criterion of truth is that it works even if nobody is prepared to acknowledge it.
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The final outcome of the credit expansion is general impoverishment.
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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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A higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISES