The 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.
LUDWIG VON MISESLiberty is always freedom from the government.
More Ludwig von Mises Quotes
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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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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Under capitalism everybody is the architect of his own fortune.
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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 cannot make man richer, but it can make him poorer.
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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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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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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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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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Liberty is meaningless if it is only the liberty to agree with those in power.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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He who is unfit to serve his fellow citizens wants to rule them.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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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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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 final outcome of the credit expansion is general impoverishment.
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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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The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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A free press can only exist where there is private control over the means of production
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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The real bosses, in the capitalist system of market economy, are the consumers.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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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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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.
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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.
LUDWIG VON MISES