Historical knowledge is indispensable for those who want to build a better world
LUDWIG VON MISESThey 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.
More Ludwig von Mises Quotes
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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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 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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
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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 Welfare State is merely a method for transforming the market economy step by step into socialism.
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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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The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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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 first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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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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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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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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It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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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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Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
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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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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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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.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISES