The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
LUDWIG VON MISESFreedom really means the freedom to make mistakes.
More Ludwig von Mises Quotes
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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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The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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The issue is always the same: the government or the market. There is no third solution.
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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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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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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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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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Under capitalism everybody provides for their own needs by serving others.
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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.
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Every socialist is a disguised dictator.
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Liberty is always freedom from the government.
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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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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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There is no means by which anyone can evade his personal responsibility.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
LUDWIG VON MISES






