The Welfare State is merely a method for transforming the market economy step by step into socialism.
LUDWIG VON MISESThe most serious dangers for American freedom and the American way of life do not come from without.
More Ludwig von Mises Quotes
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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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In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
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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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Unemployment doles can have no other effect than the perpetuation of unemployment.
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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.
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The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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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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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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Depression is the aftermath of credit expansion.
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The fundamental law of the market is: the customer is always right.
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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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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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The market is a democracy in which every penny gives a right to vote.
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The mark of the creative mind is that it defies a part of what it has learned.
LUDWIG VON MISES