In a battle between force and an idea, the latter always prevails.
LUDWIG VON MISESWhat 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.
More Ludwig von Mises Quotes
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
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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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All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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The truth is that the government cannot give if it does not take from somebody…It is not in the power of the government to make everybody more prosperous.
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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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The real bosses, in the capitalist system of market economy, are the consumers.
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The fundamental law of the market is: the customer is always right.
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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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It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
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The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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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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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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.
LUDWIG VON MISES