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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
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
Saved
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More quotes by Ludwig von Mises
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
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The tow pillars of democratic government are the primacy of the law and the budget.
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The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor.
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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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What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.
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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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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.
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Every restriction of trade creates vested interests that are from then on opposed to its removal.
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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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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends.
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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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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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Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
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Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
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Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.
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Scientific criticism has no nobler task than to shatter false beliefs.
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Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints
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