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Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.
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
Although
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Thoughts
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Ideas
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More quotes by Ludwig von Mises
There is no kind of freedom and liberty other than the kind which the market economy brings about.
Ludwig von Mises
Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.
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Reason is the main resource of man in his struggle for survival.
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Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.
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Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
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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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The masses favor socialism because they trust the socialist propaganda of the intellectuals. The intellectuals, not the populace, are molding public opinion.
Ludwig von Mises
He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
Ludwig von Mises
If the government objects to monopoly prices for new inventions, it should stop granting patents.
Ludwig von Mises
Do not give in to evil, but proceed ever more boldly against it.
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Depression is the aftermath of credit expansion.
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The market system makes all producers responsible to the consumer.
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This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
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Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
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Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion in short, protracted inflation.
Ludwig von Mises
The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines they are, on the contrary, the inescapable result of a consistent application of these doctrines.
Ludwig von Mises
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.
Ludwig von Mises
Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.
Ludwig von Mises
Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.
Ludwig von Mises
If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
Ludwig von Mises