The Welfare State is merely a method for transforming the market economy step by step into socialism.
LUDWIG VON MISESHistorical knowledge is indispensable for those who want to build a better world
More Ludwig von Mises Quotes
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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.
LUDWIG VON MISES -
The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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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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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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A free press can only exist where there is private control over the means of production
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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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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He who is unfit to serve his fellow citizens wants to rule them.
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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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There is no means by which anyone can evade his personal responsibility.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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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.
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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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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.
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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