Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
LUDWIG VON MISESFreedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
More Ludwig von Mises Quotes
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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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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 most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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It is important to remember that government interference always means either violent action or the threat of such action.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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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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A higher standard of living also brings about a higher standard of culture and civilization.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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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 criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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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Freedom really means the freedom to make mistakes.
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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 state can be and has often been in the course of history the main source of mischief and disaster.
LUDWIG VON MISES