Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
LUDWIG VON MISESGerman Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.
More Ludwig von Mises Quotes
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The Welfare State is merely a method for transforming the market economy step by step into socialism.
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He who serves the public best, makes the highest profits.
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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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Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys.
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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 gold standard did not collapse. Governments abolished it in order to pave the way for inflation.
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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 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.
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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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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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They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.
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Every socialist is a disguised dictator.
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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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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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The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
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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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The most serious dangers for American freedom and the American way of life do not come from without.
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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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Under capitalism everybody is the architect of his own fortune.
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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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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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Government cannot make man richer, but it can make him poorer.
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The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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Liberty is always freedom from the government.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
LUDWIG VON MISES