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.
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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Freedom really means the freedom to make mistakes.
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The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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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.
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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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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 worst evils which mankind ever had to endure were inflicted by governments.
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Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.
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The most serious dangers for American freedom and the American way of life do not come from without.
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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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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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There is no means by which anyone can evade his personal responsibility.
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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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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.
LUDWIG VON MISES