A higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISESLiberty is meaningless if it is only the liberty to agree with those in power.
More Ludwig von Mises Quotes
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Historical knowledge is indispensable for those who want to build a better world
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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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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.
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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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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.
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A new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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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.
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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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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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None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
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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 alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
LUDWIG VON MISES