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 MISESThe mark of the creative mind is that it defies a part of what it has learned.
More Ludwig von Mises Quotes
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
LUDWIG VON MISES -
The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
LUDWIG VON MISES -
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISES -
The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES -
Under capitalism everybody provides for their own needs by serving others.
LUDWIG VON MISES -
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
LUDWIG VON MISES -
The Welfare State is merely a method for transforming the market economy step by step into socialism.
LUDWIG VON MISES -
German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
LUDWIG VON MISES -
For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
The fundamental law of the market is: the customer is always right.
LUDWIG VON MISES -
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
LUDWIG VON MISES -
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
LUDWIG VON MISES -
True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
LUDWIG VON MISES -
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.
LUDWIG VON MISES -
Do not give in to evil, but proceed ever more boldly against it.
LUDWIG VON MISES -
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
LUDWIG VON MISES -
The worst evils which mankind has ever had to endure were inflicted by bad governments.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
LUDWIG VON MISES -
The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
LUDWIG VON MISES -
The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES