---
title: "79 Economic Quotes By Ludwig von Mises"
description: "79 Economic quotes by Ludwig von Mises. Plus more from Ludwig von Mises and more Economic sayings from other authors."
image: "https://sms4smile.com/quotes/i/84f/ludwig-von-mises-364_economic_government-cannot-make-man-richer-but-it_688141.png"
---

> [Government cannot make man richer, but it can make him poorer.](https://sms4smile.com/quotes/ludwig-von-mises/government-cannot-make-man-richer-but-it-can-make-him-poorer/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/84f/ludwig-von-mises-364_economic_government-cannot-make-man-richer-but-it_688141.png)

> [Economic knowledge necessarily leads to liberalism](https://sms4smile.com/quotes/ludwig-von-mises/economic-knowledge-necessarily-leads-to-liberalism/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/e0e/ludwig-von-mises-364_economic_economic-knowledge-necessarily-leads-to_2521201.png)

> [Without speculation there can be no economic activity reaching beyond the immediate present.](https://sms4smile.com/quotes/ludwig-von-mises/without-speculation-there-can-be-no-economic-activity-reaching-beyond/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/eb8/ludwig-von-mises-364_activity_without-speculation-there-can-be-no-econ_1278407.png)

> [The program of classical liberalism, condensed into a single word, would have to read: property.](https://sms4smile.com/quotes/ludwig-von-mises/the-program-of-classical-liberalism-condensed-into-a-single-word/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/561/ludwig-von-mises-364_classical-liberalism_the-program-of-classical-liberalism-cond_2933687.png)

> [Aggressors cannot wage total war without introducing Socialism.](https://sms4smile.com/quotes/ludwig-von-mises/aggressors-cannot-wage-total-war-without-introducing-socialism/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/d58/ludwig-von-mises-364_aggressors_aggressors-cannot-wage-total-war-without_1572310.png)

> [The attainment of the economic aims of man presupposes peace.](https://sms4smile.com/quotes/ludwig-von-mises/the-attainment-of-the-economic-aims-of-man-presupposes-peace/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/7fa/ludwig-von-mises-364_aim_the-attainment-of-the-economic-aims-of-m_500774.png)

> [As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.](https://sms4smile.com/quotes/ludwig-von-mises/as-the-science-of-economics-exploded-the-fallacies-of-every-brand-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/66f/ludwig-von-mises-364_brands_as-the-science-of-economics-exploded-the_3097609.jpg)

> [The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom…](https://sms4smile.com/quotes/ludwig-von-mises/the-idea-that-political-freedom-can-be-preserved-in-the-absence-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f19/ludwig-von-mises-364_absence_the-idea-that-political-freedom-can-be-p_1816357.png)

> [Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.](https://sms4smile.com/quotes/ludwig-von-mises/economic-progress-is-the-work-of-the-savers-who-accumulate-capital/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/382/ludwig-von-mises-364_business_economic-progress-is-the-work-of-the-sav_1255391.png)

> [The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital…](https://sms4smile.com/quotes/ludwig-von-mises/the-prerequisite-for-more-economic-equality-in-the-world-is/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/1bb/ludwig-von-mises-364_accumulation_the-prerequisite-for-more-economic-equal_1412721.png)

> [All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by…](https://sms4smile.com/quotes/ludwig-von-mises/all-people-however-fanatical-they-may-be-in-their-zeal-to-disparage/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/7ef/ludwig-von-mises-364_capitalism_all-people-however-fanatical-they-may-be_2925955.jpg)

> [ \[E\]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws… ](https://sms4smile.com/quotes/ludwig-von-mises/e-conomic-history-is-a-long-record-of-government-policies-that-failed/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f7f/ludwig-von-mises-364_disregard_e-conomic-history-is-a-long-record-of-go_1333335.jpg)

> [The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the…](https://sms4smile.com/quotes/ludwig-von-mises/the-aim-of-the-popularization-of-economic-studies-is-not-to-make/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/b1a/ludwig-von-mises-364_aim_the-aim-of-the-popularization-of-economi_694403.png)

> [War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of…](https://sms4smile.com/quotes/ludwig-von-mises/war-can-really-cause-no-economic-boom-at-least-not-directly-since-an/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/1d2/ludwig-von-mises-364_anti-war_war-can-really-cause-no-economic-boom-at_2758458.png)

> [There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether…](https://sms4smile.com/quotes/ludwig-von-mises/there-is-no-means-of-avoiding-the-final-collapse-of-a-boom-brought/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/b87/ludwig-von-mises-364_abandonment_there-is-no-means-of-avoiding-the-final_168711.png)

> [No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics…](https://sms4smile.com/quotes/ludwig-von-mises/no-very-deep-knowledge-of-economics-is-usually-needed-for-grasping/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/6c7/ludwig-von-mises-364_economic_no-very-deep-knowledge-of-economics-is-u_1630535.png)

> [When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which…](https://sms4smile.com/quotes/ludwig-von-mises/when-we-call-a-capitalist-society-a-consumers-democracy-we-mean-that/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/640/ludwig-von-mises-364_ballots_when-we-call-a-capitalist-society-a-cons_1390163.png)

> [Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and…](https://sms4smile.com/quotes/ludwig-von-mises/education-rears-disciples-imitators-and-routinists-not-pioneers-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/8e7/ludwig-von-mises-364_conservatory_education-rears-disciples-imitators-and_2599755.jpg)

> [Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is…](https://sms4smile.com/quotes/ludwig-von-mises/government-means-always-coercion-and-compulsion-and-is-by-necessity/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/ec7/ludwig-von-mises-364_coercion_government-means-always-coercion-and-com_425415.png)

> [The genuine history of mankind is the history of ideas. It is ideas that distinguish man from all other beings. Ideas engender…](https://sms4smile.com/quotes/ludwig-von-mises/the-genuine-history-of-mankind-is-the-history-of-ideas-it-is-ideas/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/816/ludwig-von-mises-364_conditions_the-genuine-history-of-mankind-is-the-hi_783932.png)

> [Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full…](https://sms4smile.com/quotes/ludwig-von-mises/capitalism-means-free-enterprise-sovereignty-of-the-consumers-in/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f2d/ludwig-von-mises-364_boards_capitalism-means-free-enterprise-soverei_1453859.jpg)

> [In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined.…](https://sms4smile.com/quotes/ludwig-von-mises/in-the-socialist-commonwealth-every-economic-change-becomes-an/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/2d6/ludwig-von-mises-364_abolition_in-the-socialist-commonwealth-every-econ_1270768.png)

> [The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment…](https://sms4smile.com/quotes/ludwig-von-mises/the-interventionists-do-not-approach-the-study-of-economic-matters/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/66a/ludwig-von-mises-364_approach_the-interventionists-do-not-approach-the_1476691.jpg)

> [Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum…](https://sms4smile.com/quotes/ludwig-von-mises/library-of-the-works-of-ludwig-von-mises-here-is-an-article-he-wrote/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/13a/ludwig-von-mises-364_action_library-of-the-works-of-ludwig-von-mises_1934113.jpg)

> [The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living…](https://sms4smile.com/quotes/ludwig-von-mises/the-truth-is-that-capitalism-has-not-only-multiplied-population/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f07/ludwig-von-mises-364_beneficial_the-truth-is-that-capitalism-has-not-onl_2842840.png)

> [Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in…](https://sms4smile.com/quotes/ludwig-von-mises/without-calculation-economic-activity-is-impossible-since-under/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/c45/ludwig-von-mises-364_activity_without-calculation-economic-activity-is_21456.jpg)

> [We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of…](https://sms4smile.com/quotes/ludwig-von-mises/we-do-not-assert-that-the-capitalist-mode-of-economic-calculation/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/2fc/ludwig-von-mises-364_ability_we-do-not-assert-that-the-capitalist-mod_1621535.jpg)

> [Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important…](https://sms4smile.com/quotes/ludwig-von-mises/monetary-calculation-is-not-the-calculation-and-certainly-not-the/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/d16/ludwig-von-mises-364_analysis_monetary-calculation-is-not-the-calculat_3145190.png)

> [The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production.…](https://sms4smile.com/quotes/ludwig-von-mises/the-direction-of-all-economic-affairs-is-in-the-market-society-a-task/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f2d/ludwig-von-mises-364_affair_the-direction-of-all-economic-affairs-is_852713.jpg)

> [The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion,…](https://sms4smile.com/quotes/ludwig-von-mises/the-so-called-liberals-of-today-have-the-very-popular-idea-that/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/f19/ludwig-von-mises-364_absence_the-so-called-liberals-of-today-have-the_2556933.jpg)

> [Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They…](https://sms4smile.com/quotes/ludwig-von-mises/rulers-do-not-like-to-admit-that-their-power-is-restricted-by-any/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/403/ludwig-von-mises-364_biology_rulers-do-not-like-to-admit-that-their-p_724879.jpg)

> [The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what…](https://sms4smile.com/quotes/ludwig-von-mises/the-common-man-is-the-sovereign-consumer-whose-buying-or-abstention/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/4a3/ludwig-von-mises-364_abstention_the-common-man-is-the-sovereign-consumer_2763985.jpg)

> [What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.](https://sms4smile.com/quotes/ludwig-von-mises/what-economic-calculation-requires-is-a-monetary-system-whose/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/afa/ludwig-von-mises-364_calculations_what-economic-calculation-requires-is-a_329989.png)

> [What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market…](https://sms4smile.com/quotes/ludwig-von-mises/what-vitiates-entirely-the-socialists-economic-critique-of-capitalism/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/dda/ludwig-von-mises-364_capitalism_what-vitiates-entirely-the-socialists-ec_2447403.png)

> [What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism…](https://sms4smile.com/quotes/ludwig-von-mises/what-generates-war-is-the-economic-philosophy-of-nationalism/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/380/ludwig-von-mises-364_economic_what-generates-war-is-the-economic-philo_1263178.png)

> [The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.](https://sms4smile.com/quotes/ludwig-von-mises/the-philosophy-commonly-called-individualism-is-a-philosophy-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/b87/ludwig-von-mises-364_cooperation_the-philosophy-commonly-called-individua_3140575.png)

> [Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and…](https://sms4smile.com/quotes/ludwig-von-mises/economic-theory-has-demonstrated-in-an-irrefutable-way-that-a/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/b5b/ludwig-von-mises-364_credit_economic-theory-has-demonstrated-in-an-i_1360937.png)

> [Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism…](https://sms4smile.com/quotes/ludwig-von-mises/interventionism-cannot-be-considered-as-an-economic-system-destined/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/5bc/ludwig-von-mises-364_capitalism_interventionism-cannot-be-considered-as_2941622.png)

> [As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of…](https://sms4smile.com/quotes/ludwig-von-mises/as-soon-as-the-economic-freedom-which-the-market-economy-grants-to/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/36b/ludwig-von-mises-364_bill-of-rights_as-soon-as-the-economic-freedom-which-th_2449195.png)

> [Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend…](https://sms4smile.com/quotes/ludwig-von-mises/not-mythical-material-productive-forces-but-reason-and-ideas/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/5ee/ludwig-von-mises-364_affair_not-mythical-material-productive-forces_1025679.png)

## Other authors on Economic

## More by Ludwig von Mises

> [If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other…](https://sms4smile.com/quotes/ludwig-von-mises/if-the-members-of-parliament-no-longer-consider-themselves/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest…](https://sms4smile.com/quotes/ludwig-von-mises/changes-in-human-conditions-are-brought-about-by-the-pioneering-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [During the 2300 years since Plato, very little opposition has been registered to his ideas.](https://sms4smile.com/quotes/ludwig-von-mises/during-the-2300-years-since-plato-very-little-opposition-has-been/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [“How little one is justified in speaking in this connection of "optimism" and "pessimism" and how much the characterization of liberalism as "optimistic" aims…](https://sms4smile.com/quotes/ludwig-von-mises/how-little-one-is-justified-in-speaking-in-this-connection-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages…](https://sms4smile.com/quotes/ludwig-von-mises/every-step-by-which-an-individual-substitutes-concerted-action-for/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent…](https://sms4smile.com/quotes/ludwig-von-mises/the-capitalistic-social-order-therefore-is-an-economic-democracy-in/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense…](https://sms4smile.com/quotes/ludwig-von-mises/without-calculation-economic-activity-is-impossible-since-under/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [There is no kind of freedom and liberty other than the kind which the market economy brings about.](https://sms4smile.com/quotes/ludwig-von-mises/there-is-no-kind-of-freedom-and-liberty-other-than-the-kind-which-the/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [Peace and not war is the father of all things.](https://sms4smile.com/quotes/ludwig-von-mises/peace-and-not-war-is-the-father-of-all-things/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at…](https://sms4smile.com/quotes/ludwig-von-mises/what-counts-alone-is-the-innovator-the-dissenter-the-harbinger-of/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold…](https://sms4smile.com/quotes/ludwig-von-mises/in-reality-no-food-is-valued-solely-for-its-nutritive-power-and-no/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave…](https://sms4smile.com/quotes/ludwig-von-mises/all-this-talk-the-state-should-do-this-or-that-ultimately-means-the/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social…](https://sms4smile.com/quotes/ludwig-von-mises/the-most-successful-businessmen-were-often-uneducated-when-measured/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [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;…](https://sms4smile.com/quotes/ludwig-von-mises/two-hundred-years-ago-before-the-advent-of-capitalism-a-man-s-social/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

> [Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and…](https://sms4smile.com/quotes/ludwig-von-mises/facts-per-se-can-neither-prove-nor-refute-anything-everything-is/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

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                        "text": "When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.",
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                        "text": "Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.",
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                        "text": "Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.",
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                        "text": "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.",
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                        "text": "Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.",
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                        "text": "In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.",
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                        "text": "The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.",
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                        "text": "Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “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. It has happened again and again in the past, and it will happen in the future, too.",
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                        "text": "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.",
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                        "text": "Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.",
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                        "text": "We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.",
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                        "text": "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.",
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                        "text": "The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders. The captain is the consumer. ...[Consumers] make poor people rich and rich people poor. They determine precisely what should be produced, in what quality, and in what quantities.",
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                        "text": "The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.",
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                        "text": "Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.",
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                        "text": "Interventionism cannot be considered as an economic system destined to stay.  It is a method for the transformation of capitalism into socialism by a series of successive steps.",
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