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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.

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
Courage
Pernicious
Movement
Resist
Politics
Ill
Ability
Popular
Truth
Considered
Life
Lack
People
However
Intellectual

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Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.
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Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.
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Progress is precisely that which rules and regulations did not foresee.
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The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.
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A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the affluence that it bestows upon the common man.
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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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Do not give in to evil, but proceed ever more boldly against it.
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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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Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.
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The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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Public opinion always wants easy money, that is, low interest rates.
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There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.
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If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.
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