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.
LUDWIG VON MISESUnder capitalism everybody is the architect of his own fortune.
More Ludwig von Mises Quotes
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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In a battle between force and an idea, the latter always prevails.
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The worst evils which mankind has ever had to endure were inflicted by bad governments.
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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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In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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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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The fundamental law of the market is: the customer is always right.
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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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There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
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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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Depression is the aftermath of credit expansion.
LUDWIG VON MISES