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The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.
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
Matter
Authority
Socialism
Right
Career
Production
Careers
Productions
Choose
Fundamental
Conditions
Fundamentals
System
Determine
Forbids
Economic
Matters
Concerning
Freedom
However
Socialist
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Against nature and within nature there is no freedom.
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Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.
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A genius is always a teacher, never a pupil he is always self-made.
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The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.
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The tow pillars of democratic government are the primacy of the law and the budget.
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The prevailing legal and moral views of a time are held not only by those whom they benefit but by those, too, who appear to suffer from them. Their domination is expressed in that fact- that the people from whom they claim sacrifice accept them.
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Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.
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The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.
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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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No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.
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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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The genuine history of mankind is the history of ideas. It is ideas that distinguish man from all other beings. Ideas engender social institutions, political changes, technologi- cal methods of production, and all that is called economic conditions.
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Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
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War prosperity is like the prosperity that an earthquake or a plague brings...but no one has for those reasons yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.
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Economically considered, war and revolution are always bad business.
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A new type of superstition has got hold of people's minds, the worship of the state.
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Mankind does not drink alcohol because there are breweries, distilleries, and vineyards men brew beer, distill spirits, and grow grapes because of the demand for alcoholic drinks.
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Only the naive inflationist's could believe that government could enrich mankind through fiat money.
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Liberty is always freedom from the government.
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