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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.

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
Way
Choice
Socialism
Simply
Production
Either
Productions
Middle
Exists
Abstain
Choices
Management
Delegate
Free
Capitalism
Delegates
Government
Market
Interference
Play
Entire
Distribution

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Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.
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Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.
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There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.
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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 flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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Big business always serve - directly or indirectly - the masses.
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Every socialist is a disguised dictator.
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Government means always coercion and compulsion and is by necessity the opposite of liberty.
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There is no kind of freedom and liberty other than the kind which the market economy brings about.
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The market system makes all producers responsible to the consumer.
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The average American worker enjoys amenities for which Croesus, Crassus, the Medici, and Louis XIV would have envied him.
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Every restriction of trade creates vested interests that are from then on opposed to its removal.
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The history of mankind is the history of ideas.
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The tow pillars of democratic government are the primacy of the law and the budget.
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He who serves the public best, makes the highest profits.
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Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.
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