Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
LUDWIG VON MISESIn a battle between force and an idea, the latter always prevails.
More Ludwig von Mises Quotes
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The market is a democracy in which every penny gives a right to vote.
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All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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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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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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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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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.
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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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 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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Under capitalism everybody provides for their own needs by serving others.
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What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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Freedom really means the freedom to make mistakes.
LUDWIG VON MISES