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.
LUDWIG VON MISESThe truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
More Ludwig von Mises Quotes
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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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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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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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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There is no means by which anyone can evade his personal responsibility.
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The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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Freedom really means the freedom to make mistakes.
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The worst evils which mankind ever had to endure were inflicted by governments.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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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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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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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
LUDWIG VON MISES