Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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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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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The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
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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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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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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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There is no means by which anyone can evade his personal responsibility.
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The most serious dangers for American freedom and the American way of life do not come from without.
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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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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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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Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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Do not give in to evil, but proceed ever more boldly against it.
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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 Welfare State is merely a method for transforming the market economy step by step into socialism.
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The worst evils which mankind ever had to endure were inflicted by governments.
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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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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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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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Government cannot make man richer, but it can make him poorer.
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A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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The issue is always the same: the government or the market. There is no third solution.
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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
LUDWIG VON MISES