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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.

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
Monetary
Requires
Whose
System
Sabotaged
Economic
Calculation
Government
Functioning
Interference
Calculations

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One has to recognize that science is not metaphysics, and certainly not mysticism it can never bring us the illumination and the satisfaction experienced by one enraptured in ecstasy. Science is sobriety and clarity of conception, not intoxicated vision.
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As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.
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The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.
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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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What can prevent the coming of totalitarian socialism is only a thorough change in ideologies. What we need is an open positive endorsement of that system to which we owe all the wealth that distinguished our age from the conditions of ages gone by.
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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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The market system is the basis of our civilization. Its only alternative is the Führer principle.
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The market and its inescapable law are supreme.
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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
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The sharper the competition, the better it serves its social function to improve economic production.
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