If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
LUDWIG VON MISESIf one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
More Ludwig von Mises Quotes
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The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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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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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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Do not give in to evil, but proceed ever more boldly against it.
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The fundamental law of the market is: the customer is always right.
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He who serves the public best, makes the highest profits.
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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 so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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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 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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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
LUDWIG VON MISES