[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
LUDWIG VON MISESAs conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
More Ludwig von Mises Quotes
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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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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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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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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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Taxing profits is tantamount to taxing success.
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They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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A free press can only exist where there is private control over the means of production
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Freedom really means the freedom to make mistakes.
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Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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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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Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
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The worst evils which mankind ever had to endure were inflicted by governments.
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Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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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