The mark of the creative mind is that it defies a part of what it has learned.
LUDWIG VON MISESIn a battle between force and an idea, the latter always prevails.
More Ludwig von Mises Quotes
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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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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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Under capitalism everybody is the architect of his own fortune.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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Taxing profits is tantamount to taxing success.
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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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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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Depression is the aftermath of credit expansion.
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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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This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
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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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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 final outcome of the credit expansion is general impoverishment.
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
LUDWIG VON MISES