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.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
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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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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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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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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.
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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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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen.
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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 causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
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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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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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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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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.
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The market is a democracy in which every penny gives a right to vote.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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Freedom really means the freedom to make mistakes.
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If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Under capitalism everybody provides for their own needs by serving others.
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It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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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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The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
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The worst evils which mankind ever had to endure were inflicted by governments.
LUDWIG VON MISES