Freedom really means the freedom to make mistakes.
LUDWIG VON MISESPlanning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
More Ludwig von Mises Quotes
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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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Historical knowledge is indispensable for those who want to build a better world
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The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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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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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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The final outcome of the credit expansion is general impoverishment.
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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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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
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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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The mark of the creative mind is that it defies a part of what it has learned.
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The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
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A free press can only exist where there is private control over the means of production
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There is no means by which anyone can evade his personal responsibility.
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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 fundamental law of the market is: the customer is always right.
LUDWIG VON MISES