The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for… — Ludwig von Mises Copy Share Image
On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the… — Ludwig von Mises Copy Share Image
One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new… — 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 characteristic feature of militarism is not the fact that a nation has a powerful army or navy. It is the paramount… — Ludwig von Mises Copy Share Image
Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in… — Ludwig von Mises Copy Share Image
The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich… — Ludwig von Mises Copy Share Image
We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of… — Ludwig von Mises Copy Share Image
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production… — Ludwig von Mises Copy Share Image
The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories,… — 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
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