Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
LUDWIG VON MISESIt is important to remember that government interference always means either violent action or the threat of such action.
More Ludwig von Mises Quotes
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Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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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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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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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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Depression is the aftermath of credit expansion.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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 standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
LUDWIG VON MISES -
The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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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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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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None 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.
LUDWIG VON MISES