The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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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.
LUDWIG VON MISES -
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 MISES -
The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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He who is unfit to serve his fellow citizens wants to rule them.
LUDWIG VON MISES -
The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.
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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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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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A higher standard of living also brings about a higher standard of culture and civilization.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
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In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.
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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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He who serves the public best, makes the highest profits.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
LUDWIG VON MISES