Historical knowledge is indispensable for those who want to build a better world
LUDWIG VON MISESHe who serves the public best, makes the highest profits.
More Ludwig von Mises Quotes
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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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[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
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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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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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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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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 so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom.
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The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction.
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.
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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 liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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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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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
LUDWIG VON MISES