The fundamental law of the market is: the customer is always right.
LUDWIG VON MISESThose who are asking for more government interference are asking ultimately for more compulsion and less freedom.
More Ludwig von Mises Quotes
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
LUDWIG VON MISES -
The Welfare State is merely a method for transforming the market economy step by step into socialism.
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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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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
LUDWIG VON MISES -
The market is a democracy in which every penny gives a right to vote.
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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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The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
LUDWIG VON MISES -
The state can be and has often been in the course of history the main source of mischief and disaster.
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Under capitalism everybody provides for their own needs by serving others.
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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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The real bosses, in the capitalist system of market economy, are the consumers.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
LUDWIG VON MISES