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Economic control is not merely control of a sector of human life that can be separated from the rest it is the control of the means for all our ends.

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
Control
Economic
Means
Ends
Sector
Human
Separated
Humans
Tyranny
Mean
Merely
Life
Rest

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If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
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The issue is always the same: the government or the market. There is no third solution.
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To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war.
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Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life he inherited it from his ancestors and it never changed.
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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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In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
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The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.
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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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The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
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The market system makes all producers responsible to the consumer.
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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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Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.
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A genius is always a teacher, never a pupil he is always self-made.
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All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.
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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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Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.
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In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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The uncouth hordes of common men are not fit to recognize duly the merits of those who eclipse their own wretchedness.
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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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