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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

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
Oligarchs
Despotism
Resistance
Ultimately
Struggle
Opinion
Public
Freedom
Autocrats

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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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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 first socialists were the intellectuals they, and not the masses, are the backbone of Socialism.
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Society is only possible on these terms, that the individual finds therein a strengthening of his own ego and his own will.
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History has witnessed the failure of many endeavors to impose peace by war, cooperation by coercion, unanimity by slaughtering dissidents.... A lasting order cannot be established by bayonets.
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Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.
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Do not give in to evil, but proceed ever more boldly against it.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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Whoever wishes peace among peoples must fight statism.
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What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
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Every man aims at avoiding what causes him pain the activities of government ultimately consist in the infliction of pain. All great achievements of mankind were the product of a spontaneous effort on the part of individuals government substitutes coercion for voluntary action.
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Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.
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It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.
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Nobody is in a position to decree what should make a fellow man happier.
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Every socialist is a disguised dictator.
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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
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What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.
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