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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.

Ludwig von Mises

Related Topics

Accumulate Capital Economic Entrepreneur Progress Saver Turn

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Economics is not about things and tangible material objects; it is about men, their meanings and actions.
LUDWIG VON MISES

Action Economics Meaning Men Motivational Object Success
Every socialist is a disguised dictator.
LUDWIG VON MISES

Dictator Disguise Socialist
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
LUDWIG VON MISES

Common Country Entrepreneur Higher Man Men Number Standard
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.
LUDWIG VON MISES

Better Least Mean Order Pretend Socialism Spoiler Thousand Year
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
LUDWIG VON MISES

Acknowledge Criteria Criterion Prepare Truth
Unemployment doles can have no other effect than the perpetuation of unemployment.
LUDWIG VON MISES

Effect Perpetuation Unemployment
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.
LUDWIG VON MISES

Anybody Cause Contrary Corollary Entrepreneur Make People Poverty Process Rich Some Want
All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
LUDWIG VON MISES

Adversaries Average Call Name Stratagem Suspicion Unfortunately
He who serves the public best, makes the highest profits.
LUDWIG VON MISES

Best Highest Make Profit Public Service
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
LUDWIG VON MISES

Capitalism Need Number People Standard Steadily World
Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
LUDWIG VON MISES

Economic First Intellectual Problem Prosperity Spiritual
The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISES

Democracy Enny Give Giving Market Pennies
The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
LUDWIG VON MISES

Class Freely Philosophy Progressive Tap Taxation Wealth
Taxing profits is tantamount to taxing success.
LUDWIG VON MISES

Profit Success Tantamount Tax
There is no means of avoiding the final collapse of a boom brought about by credit expansion.
LUDWIG VON MISES

Avoid Boom Collapse Credit Expansion Final Liberty Mean
The worst evils which mankind ever had to endure were inflicted by governments.
LUDWIG VON MISES

Endure Evil Government Infected Mankind Worst

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