The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
LUDWIG VON MISESTyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
More Ludwig von Mises Quotes
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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Every socialist is a disguised dictator.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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It is important to remember that government interference always means either violent action or the threat of such action.
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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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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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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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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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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.
LUDWIG VON MISES