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.
LUDWIG VON MISESHistorical knowledge is indispensable for those who want to build a better world
More Ludwig von Mises Quotes
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Under capitalism everybody provides for their own needs by serving others.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
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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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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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Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
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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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Do not give in to evil, but proceed ever more boldly against it.
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The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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The fundamental law of the market is: the customer is always right.
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Every socialist is a disguised dictator.
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He who is unfit to serve his fellow citizens wants to rule them.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
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