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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
Changes
Phantoms
Materials
Tangible
Thoughts
Realm
Ideas
Realms
Real
Bringing
Things
Factors
Although
Immaterial
Material
Intangible

More quotes by Ludwig von Mises

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The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.
Ludwig von Mises
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Every socialist is a disguised dictator.
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Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
Ludwig von Mises
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Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?
Ludwig von Mises
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Under capitalism everybody provides for their own needs by serving others.
Ludwig von Mises
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Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.
Ludwig von Mises
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Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
Ludwig von Mises
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The methods of the natural sciences cannot be applied to human behavior because this behaviorlacks the peculiarity that characterizes events in the field of the natural sciences, viz., regularity.
Ludwig von Mises
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by governments.
Ludwig von Mises
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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
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Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.
Ludwig von Mises
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
Ludwig von Mises
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The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.
Ludwig von Mises
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Aggressors cannot wage total war without introducing Socialism.
Ludwig von Mises
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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.
Ludwig von Mises
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In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.
Ludwig von Mises
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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.
Ludwig von Mises
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The state can be and has often been in the course of history the main source of mischief and disaster.
Ludwig von Mises
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...this remedy is the power of the citizens they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.
Ludwig von Mises
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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.
Ludwig von Mises