The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
LUDWIG VON MISESTaxing profits is tantamount to taxing success.
More Ludwig von Mises Quotes
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What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
LUDWIG VON MISES -
Liberty is always freedom from the government.
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The worst evils which mankind ever had to endure were inflicted by governments.
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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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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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Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.
LUDWIG VON MISES -
The worst evils which mankind has ever had to endure were inflicted by bad governments.
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To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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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 root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
LUDWIG VON MISES