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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.

Ludwig von Mises

Related Topics

Action First Rational Reason Think

Bagwalas

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Depression is the aftermath of credit expansion.
LUDWIG VON MISES

Aftermath Credit Depression Expansion
The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
LUDWIG VON MISES

Acknowledge Construction Dreadful Peace Root War Weapon
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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Call Consequences Government Intervention Marketplace Unintended
He who is unfit to serve his fellow citizens wants to rule them.
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Citizen Fellow Rule Them Until Want
The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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Disagree Fact Function Judgement Mean Member Mistake Society Value
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.
LUDWIG VON MISES

Create Destruction Essence Private Production Social
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
LUDWIG VON MISES

Action First Rational Reason Think
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 MISES

Call Destroy Done Economic Growth Interfere Life Nothing Policy Regulation State
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
LUDWIG VON MISES

Difficult Enter Freedom Indivisible One Restrict Soon Start Stop
Historical knowledge is indispensable for those who want to build a better world
LUDWIG VON MISES

Better Build Historical Indispensable Knowledge Want World
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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Anybody Effort Entrepreneur Poverty Successful
Government cannot make man richer, but it can make him poorer.
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Government Make Poorer Richer
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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Autonomy Freedom Individual Intellectual Nurture Progress Root Soil Ultimately
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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Apply Government Ink Institution Paper Take Valuable Worthless
The final outcome of the credit expansion is general impoverishment.
LUDWIG VON MISES

Credit Expansion Final General Impoverishment Outcome
Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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Attribute Bosses Easy Make Men Profit Result Stem

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