The mark of the creative mind is that it defies a part of what it has learned.
LUDWIG VON MISESThe entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
More Ludwig von Mises Quotes
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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
LUDWIG VON MISES -
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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He who serves the public best, makes the highest profits.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. 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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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.
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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.
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
LUDWIG VON MISES