He who serves the public best, makes the highest profits.
LUDWIG VON MISESThe truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
More Ludwig von Mises Quotes
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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 essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
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The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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Historical knowledge is indispensable for those who want to build a better world
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The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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Taxing profits is tantamount to taxing success.
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There is no means by which anyone can evade his personal responsibility.
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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 can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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The truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
LUDWIG VON MISES