Under capitalism everybody provides for their own needs by serving others.
LUDWIG VON MISESTaxing profits is tantamount to taxing success.
More Ludwig von Mises Quotes
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Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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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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Government cannot make man richer, but it can make him poorer.
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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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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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Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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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 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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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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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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True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
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Freedom really means the freedom to make mistakes.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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A higher standard of living also brings about a higher standard of culture and civilization.
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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 worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty.
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The fundamental law of the market is: the customer is always right.
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Unemployment doles can have no other effect than the perpetuation of unemployment.
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The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
LUDWIG VON MISES