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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.

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
Makes
Laws
May
Essence
Way
Conflict
People
Changed
Administers
Democracy
Peaceably
Law
Occurs
Freedom
Rulers
Everyone
Dependent

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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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The continued existence of society depends upon private property.
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Nobody can be at the same time a correct bureaucrat and an innovator
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Economically considered, war and revolution are always bad business.
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The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
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The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
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All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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Every socialist is a disguised dictator.
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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
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Reason is the main resource of man in his struggle for survival.
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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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In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.
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There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.
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