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
Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies… — Ludwig von Mises Copy Share Image
The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What… — Ludwig von Mises Copy Share Image
If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited… — Ludwig von Mises Copy Share Image
A new type of superstition has got hold of people's minds, the worship of the state. People demand the exercise of the… — Ludwig von Mises Copy Share Image
The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to… — Ludwig von Mises Copy Share Image
In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords… — 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
In relation to the immense sacrifices that the state demands of the individual through the blood tax, it seems rather incidental whether… — 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
“It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply… — Ludwig von Mises Copy Share Image
Mankind does not drink alcohol because there are breweries, distilleries, and vineyards; men brew beer, distill spirits, and grow grapes because of… — 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 Image
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 Image
During the 2300 years since Plato, very little opposition has been registered to his ideas. — Ludwig von Mises Copy Share Image
“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 Image
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 Image
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 Image
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 Image
There is no kind of freedom and liberty other than the kind which the market economy brings about. — Ludwig von Mises Copy Share Image
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 Image
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 Image
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 Image
