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Ludwig von Mises Quotes - Page 10

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Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Ludwig von Mises
Party, Government, People

To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war.

Ludwig von Mises
Peace, War, Defeat

The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.

Ludwig von Mises
Nice, Grateful, Men
Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.

Ludwig von Mises
Entrepreneur, Earning, Reason Why
Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at substituting new values and ideas for old ones.

Ludwig von Mises
Men, Ideas, He Man
Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.51, Ludwig von Mises Institute

People must learn that the accumulation of wealth by the successful conduct of business is the corollary of the improvement of their own standard of living and vice versa. They must realize that bigness in business is not an evil, but both the cause and effect of the fact that they themselves enjoy all those amenities whose enjoyment is called the “American way of life.

Ludwig von Mises
Successful, People, Evil
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.

Ludwig von Mises
Race, Members, Ill
Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

The goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too. When there is private ownership of the means of production everywhere and when laws, the tribunals and the administration treat foreigners and citizens on equal terms, it is of little importance where a country's frontiers are drawn... War no longer pays; there is no motive for aggression... All nations can coexist peacefully.

Ludwig von Mises
Country, War, Mean
"Omnipotent Government: The Rise of the Total State and Total War". Book by Ludwig von Mises, July 23, 1944.

The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.

Ludwig von Mises
Order, Entrepreneur, Benefits
Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.35, VM eBooks

The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

Ludwig von Mises
Marketing, Principles, Needs

To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

Ludwig von Mises
Tasks, Buying, Individual
Ludwig von Mises (2016). “Human Action”, p.340, Lulu Press, Inc

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

Ludwig von Mises
Real, Data, Slumps

What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.

Ludwig von Mises
Class, Entrepreneur, Progress
Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

We owe the origin and development of human society and, consequently, of culture and civilization, to the fact that work performed under the division of labor is more productive than when performed in isolation.

Ludwig von Mises
Civilization, Division Of Labor, Culture
Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.120, Ludwig von Mises Institute

The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.

Ludwig von Mises
Thinking, People, Historical

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

Ludwig von Mises
Government, Example, Doe
Ludwig Von Mises (1963). “Human action: a treatise on economics”

Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.

Ludwig von Mises
Mistake, Order, Important
Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.169, Ludwig von Mises Institute

Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.

Ludwig von Mises
Order, People, Political
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.444, VM eBooks

There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.

Ludwig von Mises
World, Environment, Economic

All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.

Ludwig von Mises
Views, Liberty, Failing
Ludwig Von Mises (1944). “Bureaucracy”

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

Ludwig von Mises
Government, Play, Choices
Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

War prosperity is like the prosperity that an earthquake or a plague brings.

Ludwig von Mises
Peace, Money, War

The state is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals. This tremendous power cannot be abandoned to the discretion of some men, however competent and clever they may deem themselves. It is necessary to restrict its application. This is the task of the laws.

Ludwig von Mises
Clever, Men, Law
Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International

As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.

Ludwig von Mises
Government, Gold, Height
Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.

Ludwig von Mises
Successful, Progressive Taxation, Names

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