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.
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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty.
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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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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 worst evils which mankind has ever had to endure were inflicted by bad governments.
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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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A free press can only exist where there is private control over the means of production
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The real bosses, in the capitalist system of market economy, are the consumers.
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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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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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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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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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The most serious dangers for American freedom and the American way of life do not come from without.
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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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The issue is always the same: the government or the market. There is no third solution.
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For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
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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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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
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The truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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There is no means by which anyone can evade his personal responsibility.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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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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He who serves the public best, makes the highest profits.
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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.
LUDWIG VON MISES