The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
LUDWIG VON MISESThe criterion of truth is that it works even if nobody is prepared to acknowledge it.
More Ludwig von Mises Quotes
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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 riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Liberty is always freedom from the government.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Depression is the aftermath of credit expansion.
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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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Do not give in to evil, but proceed ever more boldly against it.
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Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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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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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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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
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The issue is always the same: the government or the market. There is no third solution.
LUDWIG VON MISES