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When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.

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
Means
Entrepreneur
Acquired
Power
Held
Marketplace
Mean
Daily
Capitalist
Democracy
Belongs
Dispose
Liberty
Consumers
Capitalists
Economic
Production
Ballot
Call
Productions
Ballots
Society
Investing
Entrepreneurs

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There is, in fact, only one solution: the state, the government, the laws must not in any way concern themselves with schooling or education. Public funds must not be used for such purposes. The rearing and instruction of youth must be left entirely to parents and to private associations and institutions
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The market system is the basis of our civilization. Its only alternative is the Führer principle.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other benefits from the treasury, democracy is done for.
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It is always the individual who thinks. Society does not think any more than it eats or drinks. The evolution of human reasoning from the naive thinking of primitive man to the more subtle thinking of modern science took place within society. However, thinking itself is always an achievement of individuals.
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The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
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He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
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It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction of competition, construction.
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The productivity of social cooperation surpasses in every respect the sum total of the production of isolated individuals.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
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A higher standard of living also brings about a higher standard of culture and civilization.
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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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where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.
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The tow pillars of democratic government are the primacy of the law and the budget.
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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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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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The real bosses, in the capitalist system of market economy, are the consumers.
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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 criterion of truth is that it works even if nobody is prepared to acknowledge it.
Ludwig von Mises