[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
LUDWIG VON MISESA new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
More Ludwig von Mises Quotes
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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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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Liberty is meaningless if it is only the liberty to agree with those in power.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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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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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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There is no means by which anyone can evade his personal responsibility.
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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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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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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
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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.
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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.
LUDWIG VON MISES