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Ludwig von Mises Quotes - Page 13

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Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

Ludwig von Mises
Slumps, Credit, Way
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

Ludwig von Mises
Real, Angel, Men
Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.23, VM eBooks

What those people who ask for equality have in mind is always an increase in their own power to consume.

Ludwig von Mises
People, Justice, Mind
Ludwig von Mises (2016). “Human Action”, p.1042, Lulu Press, Inc

No architect is held responsible for the behavior of those who inhabit the structure he designed.

Ludwig von Mises
Behavior, Architect, Responsible

The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

Ludwig von Mises
School, Citizens, Incentives

The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.

Ludwig von Mises
Industrialization, World, Investment
Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.86, Ludwig von Mises Institute

How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!

Ludwig von Mises
Art, Government, World
Ludwig von Mises (2013). “The Theory of Money and Credit”, p.418, Skyhorse Publishing, Inc.

The genuine history of mankind is the history of ideas. It is ideas that distinguish man from all other beings. Ideas engender social institutions, political changes, technologi- cal methods of production, and all that is called economic conditions.

Ludwig von Mises
Men, Ideas, Political

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

Ludwig von Mises
Miracle, Stones, Corn
Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

Plato and Hitler were both the same kind of consistent socialists who planned also for the production of future socialists, the breeding and education of future members of society.

Ludwig von Mises
Plato, Kind, Members

One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.

Ludwig von Mises
Creating, One Day, Expansion

Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.

Ludwig von Mises
Hands, Waste, Kind
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.157, VM eBooks

What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.

Ludwig von Mises
Running, Selfish, Division Of Labor

The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.

Ludwig von Mises
Process, Entity, Collectives
"Human action: a treatise on economics".

Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

Ludwig von Mises
Past, Goal, Suggestions

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.

Ludwig von Mises
Luxury, Giving, Example

The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.

Ludwig von Mises
Jobs, Government, People

No one can escape the influence of a prevailing ideology.

Ludwig von Mises
Influence, Prevailing, Ideology
Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.210, Ludwig von Mises Institute

A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.

Ludwig von Mises
Citizens, Failing, Economics

The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

Ludwig von Mises
Wisdom, Civilization, Achievement
Ludwig von Mises (2016). “Human Action”, p.1100, Lulu Press, Inc

Men are fighting one another because they are convinced that the extermination and liquidation of adversaries is the only means of promoting their own well-being.

Ludwig von Mises
Peace, War, Mean
"Human Action: A Treatise on Economics".

All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.

Ludwig von Mises
Years, Age, Population
Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.7, Ludwig von Mises Institute

Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.

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

The liberals of the eighteenth century, guided by the ideas of natural law and of the Enlightenment, demanded for everyone equality of political and civil rights... Nothing, however, is as ill-founded as the assertion of the alleged equality of all members of the human race.

Ludwig von Mises
Rights, Race, Law
Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.14, VM eBooks

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

Ludwig von Mises
Liberty, Economics, Fallacy

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