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State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.

Ludwig von Mises

Related Topics

Call Destroy Done Economic Growth Interfere Life Nothing Policy Regulation State

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Freedom really means the freedom to make mistakes.
LUDWIG VON MISES

Freedom Mean Mistake Really
For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
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Create Destruction Essence Private Production Social
He who serves the public best, makes the highest profits.
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Best Highest Make Profit Public Service
The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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First Freedom Order Requistle Return Speech Unrestricted
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
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Depression Government Interference Market Mass Unemployment
The worst evils which mankind ever had to endure were inflicted by governments.
LUDWIG VON MISES

Endure Evil Government Infected Mankind Worst
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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Capitalism Fanatical Fighting Homage Implicity Liberty Passionately People Zeal
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
LUDWIG VON MISES

Apply Government Ink Institution Paper Take Valuable Worthless
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.
LUDWIG VON MISES

Catchword Civilization Continue Help Inciting Mass Socialism Sound Taken Work Year
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

Answer Change Cooperative Division Economical Free Individual Labor Market Mean Mena Simple System
The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
LUDWIG VON MISES

Conceive Economic Factor Flowrm Human Ideas Intellectual Men Outstanding Social Society Sound Two
A higher standard of living also brings about a higher standard of culture and civilization.
LUDWIG VON MISES

Civilization Cultural Higher Living Standard
Government cannot make man richer, but it can make him poorer.
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Government Make Poorer Richer
If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
LUDWIG VON MISES

Account Faire Faliblity Government Laissez Man Moral React Reason Reject Same Weakness
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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Ask Essential Freedom Government Imprisoning More Ultimate
The final outcome of the credit expansion is general impoverishment.
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Credit Expansion Final General Impoverishment Outcome

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