This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
LUDWIG VON MISESKnow that every breath is a miracle and every moment a blessing and you will achieve your dreams.
More Ludwig von Mises Quotes
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The fundamental law of the market is: the customer is always right.
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The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.
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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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It is important to remember that government interference always means either violent action or the threat of such action.
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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
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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 issue is always the same: the government or the market. There is no third solution.
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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 standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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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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None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.
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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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Freedom really means the freedom to make mistakes.
LUDWIG VON MISES