Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
LUDWIG VON MISESNone can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
More Ludwig von Mises Quotes
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Depression is the aftermath of credit expansion.
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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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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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The state can be and has often been in the course of history the main source of mischief and disaster.
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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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He who is unfit to serve his fellow citizens wants to rule them.
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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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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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They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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The market is a democracy in which every penny gives a right to vote.
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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 real bosses, in the capitalist system of market economy, are the consumers.
LUDWIG VON MISES