If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
LUDWIG VON MISESA 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.
More Ludwig von Mises Quotes
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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Under capitalism everybody provides for their own needs by serving others.
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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 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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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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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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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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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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There is no means by which anyone can evade his personal responsibility.
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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The fundamental law of the market is: the customer is always right.
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The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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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.
LUDWIG VON MISES