Depression is the aftermath of credit expansion.
LUDWIG VON MISESThe entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
More Ludwig von Mises Quotes
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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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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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A higher standard of living also brings about a higher standard of culture and civilization.
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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 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.
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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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He who is unfit to serve his fellow citizens wants to rule them.
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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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Under capitalism everybody is the architect of his own fortune.
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Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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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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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.
LUDWIG VON MISES