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Ludwig von Mises Quotes - Page 19

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Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Ludwig von Mises
Believe, Government, Mankind

Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.

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

The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

Ludwig von Mises
Freedom, Careers, Fundamentals
Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.27, Ludwig von Mises Institute

A new type of superstition has got hold of people's minds, the worship of the state.

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

As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.

Ludwig von Mises
Mean, Helping Others, Overcoming
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.392, VM eBooks

All present-day governments are fanatically committed to an easy money policy.

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

An intellectual inferiority of the masses would manifest itself most evidently in their aiming at the abolition of the system in which they themselves are supreme and are served by the elite of the most talented men.

Ludwig von Mises
Equality, Men, Egalitarianism

Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.

Ludwig von Mises
Management, Socialism, Prove
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction; it can never improve it.

Ludwig von Mises
Government, Needs, Satisfaction

The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.

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

While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.

Ludwig von Mises
Mean, Equality, Men
Ludwig Von Mises (1990). “Money, method, and the market process: essays”, Ludwig von Mises Institute

The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

Ludwig von Mises
Optimistic, Frustration, People

The people who think that the power of big business is enormous are mistaken

Ludwig von Mises
Business, Thinking, People
Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.4, Ludwig von Mises Institute

If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.

Ludwig von Mises
Speak English, Gold, Facts
"The Gold Standard". Excerpt from chapter 17 of "Human Action, The Scholar's Edition", book by Ludwig von Mises, mises.org. 1949.

Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.

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

A country becomes more prosperous in proportion to the rise in the invested capital unit per unit of its population.

Ludwig von Mises
Country, Population, Proportion
Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.14, Ludwig von Mises Institute

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

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

The Santa Claus principle liquidates itself.

Ludwig von Mises
Principles, Santa, Santa Claus

Behaviorism proposes to study human behavior according to the methods developed by animal and infant psychology. It seeks to investigate reflexes and instincts, automatisms and unconscious reactions. But it has told us nothing about the reflexes that have built cathedrals, railroads, and fortresses, the instincts that have produced philosophies, poems, and legal systems, the automatisms that have resulted in the growth and decline of empires, the unconscious reactions that are splitting atoms.

Ludwig von Mises
Philosophy, Animal, Psychology

The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for by impoverishment.

Ludwig von Mises
Blessing, Overconsumption, Factors Of Production

Against nature and within nature there is no freedom.

Ludwig von Mises
Nature, Freedom
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.166, VM eBooks

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

Ludwig von Mises
War, Important, Revolution
Ludwig von Mises (2013). “The Theory of Money and Credit”, p.224, Skyhorse Publishing, Inc.

He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.

Ludwig von Mises
Fall, Liberty, May
Ludwig von Mises (2016). “Human Action”, p.241, Lulu Press, Inc

The inequality of income and fortunes is essential in capitalism.

Ludwig von Mises
Essentials, Income, Fortune
Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

True, man cannot escape death. But for the present he is alive; and life, not death, takes hold of him... It is mans innate nature that he seeks to preserve and to strengthen his life, that he is discontented and aims at removing uneasiness, that he is in search of what may be called happiness.

Ludwig von Mises
Life, Men, Alive

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