Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
LUDWIG VON MISESPrivate 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.
More Ludwig von Mises Quotes
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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The final outcome of the credit expansion is general impoverishment.
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The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
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In a battle between force and an idea, the latter always prevails.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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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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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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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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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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Under capitalism everybody is the architect of his own fortune.
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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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Historical knowledge is indispensable for those who want to build a better world
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISES