The fundamental law of the market is: the customer is always right. — Ludwig von Mises Copy Share Image
The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and… — Ludwig von Mises Copy Share Image
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit. — Ludwig von Mises Copy Share Image
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings. — Ludwig von Mises Copy Share Image
The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of… — Ludwig von Mises Copy Share Image
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. — Ludwig von Mises Copy Share Image
Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a… — Ludwig von Mises Copy Share Image
Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands… — Ludwig von Mises Copy Share Image
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of… — Ludwig von Mises Copy Share Image
All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of… — Ludwig von Mises Copy Share Image
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether… — Ludwig von Mises Copy Share Image
Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand… — Ludwig von Mises Copy Share Image
The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of… — Ludwig von Mises Copy Share Image
If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or… — Ludwig von Mises Copy Share Image
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general… — Ludwig von Mises Copy Share Image
It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future… — Ludwig von Mises Copy Share Image
The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments… — Ludwig von Mises Copy Share Image
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the… — Ludwig von Mises Copy Share Image
What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is… — Ludwig von Mises Copy Share Image
If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other… — Ludwig von Mises Copy Share
Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest… — Ludwig von Mises Copy Share
During the 2300 years since Plato, very little opposition has been registered to his ideas. — Ludwig von Mises Copy Share
“How little one is justified in speaking in this connection of "optimism" and "pessimism" and how much the characterization of liberalism as "optimistic" aims… — Ludwig von Mises Copy Share
Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages… — Ludwig von Mises Copy Share
The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent… — Ludwig von Mises Copy Share
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense… — Ludwig von Mises Copy Share
There is no kind of freedom and liberty other than the kind which the market economy brings about. — Ludwig von Mises Copy Share
What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at… — Ludwig von Mises Copy Share
In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold… — Ludwig von Mises Copy Share
All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave… — Ludwig von Mises Copy Share
The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social… — Ludwig von Mises Copy Share
Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life;… — Ludwig von Mises Copy Share
Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and… — Ludwig von Mises Copy Share
![“It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will…” quote by Ludwig von Mises](https://sms4smile.com/quotes/i/474/ludwig-von-mises-364_anticipate_it-is-not-enough-for-the-investor-to-kno_938558.png)
