The market is a democracy in which every penny gives a right to vote.
LUDWIG VON MISESThe 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.
More Ludwig von Mises Quotes
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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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He who serves the public best, makes the highest profits.
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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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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.
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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.
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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 most serious dangers for American freedom and the American way of life do not come from without.
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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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Historical knowledge is indispensable for those who want to build a better world
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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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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
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All they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems.
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As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
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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.
LUDWIG VON MISES