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.
LUDWIG VON MISESInnovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
More Ludwig von Mises Quotes
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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 only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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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 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.
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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 interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are.
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The issue is always the same: the government or the market. There is no third solution.
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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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The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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He who serves the public best, makes the highest profits.
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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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[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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Under capitalism everybody provides for their own needs by serving others.
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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.
LUDWIG VON MISES