Taxing profits is tantamount to taxing success.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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Under capitalism everybody is the architect of his own fortune.
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The final outcome of the credit expansion is general impoverishment.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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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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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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Historical knowledge is indispensable for those who want to build a better world
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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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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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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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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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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A free press can only exist where there is private control over the means of production
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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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The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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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