The criterion of truth is that it works even if nobody is prepared to acknowledge it. — Ludwig von Mises Copy Share Image
No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making… — 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
If the government objects to monopoly prices for new inventions, it should stop granting patents. — Ludwig von Mises Copy Share Image
Liberty is meaningless if it is only the liberty to agree with those in power. — Ludwig von Mises Copy Share Image
German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed. — Ludwig von Mises Copy Share Image
The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital… — 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
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the… — 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
The truth is that the government cannot give if it does not take from somebody...It is not in the power of the… — Ludwig von Mises Copy Share Image
Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses… — Ludwig von Mises Copy Share Image
Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of… — Ludwig von Mises Copy Share Image
If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available… — Ludwig von Mises Copy Share Image
The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is… — Ludwig von Mises Copy Share Image
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as… — Ludwig von Mises Copy Share Image
If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term… — Ludwig von Mises Copy Share Image
The idea of Socialism is at once grandiose and simple. . .We may say, in fact, that it is one of the… — Ludwig von Mises Copy Share Image
The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion,… — Ludwig von Mises Copy Share Image
Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish… — Ludwig von Mises Copy Share Image
He who accepts life for what it is and never allows himself to be overwhelmed by it does not need to seek… — Ludwig von Mises Copy Share Image
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people… — Ludwig von Mises Copy Share Image
As society is only possible if everyone, while living his own life, at the same time helps others to live; if every… — Ludwig von Mises Copy Share Image
To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you… — Ludwig von Mises Copy Share Image
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is… — Ludwig von Mises Copy Share Image
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. — Ludwig von Mises Copy Share Image
If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of… — Ludwig von Mises Copy Share Image
A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province… — Ludwig von Mises Copy Share Image
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer… — Ludwig von Mises Copy Share Image
A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their condition s… — Ludwig von Mises Copy Share Image
It is untrue that some are poor because others are rich. If an order of society in which incomes were equal replaced… — Ludwig von Mises Copy Share Image
The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the… — Ludwig von Mises Copy Share Image
It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus… — 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,… — Ludwig von Mises Copy Share Image
The essence of democracy is not that everyone makes and administers laws but that lawgivers and rulers should be dependent on the… — Ludwig von Mises Copy Share Image
The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St.… — Ludwig von Mises Copy Share Image
The bureaucrat is not free to aim at improvement. He is bound to obey rules and regulations established by a superior body.… — Ludwig von Mises Copy Share Image
The situation of having to belong to a state to which one does not wish is no less onerous if it is… — Ludwig von Mises Copy Share Image
No matter how efficient school training may be, it would only produce stagnation, orthodoxy, and rigid pedantry if there were no uncommon… — Ludwig von Mises Copy Share Image
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised… — 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
