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.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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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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For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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Do not give in to evil, but proceed ever more boldly against it.
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A new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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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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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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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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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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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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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 only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
LUDWIG VON MISES