Economics is not about things and tangible material objects; it is about men, their meanings and actions.
LUDWIG VON MISESSocialism 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.
More Ludwig von Mises Quotes
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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 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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Taxing profits is tantamount to taxing success.
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He who is unfit to serve his fellow citizens wants to rule 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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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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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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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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Under capitalism everybody is the architect of his own fortune.
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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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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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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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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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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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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.
LUDWIG VON MISES






