The real bosses, in the capitalist system of market economy, are the consumers.
LUDWIG VON MISESTheir 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.
More Ludwig von Mises Quotes
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He who serves the public best, makes the highest profits.
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If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty.
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The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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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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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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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 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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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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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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In a battle between force and an idea, the latter always prevails.
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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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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
LUDWIG VON MISES