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 MISESThe alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
More Ludwig von Mises Quotes
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Under capitalism everybody provides for their own needs by serving others.
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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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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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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Freedom really means the freedom to make mistakes.
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Liberty is always freedom from the government.
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A higher standard of living also brings about a higher standard of culture and civilization.
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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 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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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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He who serves the public best, makes the highest profits.
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The issue is always the same: the government or the market. There is no third solution.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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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 criterion of truth is that it works even if nobody is prepared to acknowledge it.
LUDWIG VON MISES