The fundamental law of the market is: the customer is always right.
LUDWIG VON MISESWhoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
More Ludwig von Mises Quotes
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
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He who is unfit to serve his fellow citizens wants to rule them.
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Depression is the aftermath of credit expansion.
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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.
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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Do not give in to evil, but proceed ever more boldly against it.
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Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
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The mark of the creative mind is that it defies a part of what it has learned.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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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 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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Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
LUDWIG VON MISES