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The state can be and has often been in the course of history the main source of mischief and disaster.
Ludwig von Mises
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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
History
Main
Often
Source
States
Liberty
Courses
Course
Mischief
State
Antiwar
Peace
Libertarian
War
Disaster
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Economic knowledge necessarily leads to liberalism
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War prosperity is like the prosperity that an earthquake or a plague brings.
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The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.
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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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All present-day governments are fanatically committed to an easy money policy.
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Fortunes cannot grow someone has to increase them.
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The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.
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The essence of democracy is not that everyone makes and administers laws but that lawgivers and rulers should be dependent on the people's will in such a way that they may be peaceably changed if conflict occurs.
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Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
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Aggressors cannot wage total war without introducing Socialism.
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Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.
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It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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During the 2300 years since Plato, very little opposition has been registered to his ideas.
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In public administration there is no connection between revenue and expenditure.
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Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.
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The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.
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Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
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