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Progress is precisely that which rules and regulations did not foresee.

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
Rules
Progress
Foresee
Regulations
Regulation
Precisely

More quotes by Ludwig von Mises

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This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.
Ludwig von Mises
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You call it a 'loophole' when the government still allows you some freedom.
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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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German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed.
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All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.
Ludwig von Mises
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In public administration there is no connection between revenue and expenditure.
Ludwig von Mises
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
Ludwig von Mises
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Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
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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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Government means always coercion and compulsion and is by necessity the opposite of liberty.
Ludwig von Mises
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Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.
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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The first socialists were the intellectuals they, and not the masses, are the backbone of Socialism.
Ludwig von Mises
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The market system is the basis of our civilization. Its only alternative is the Führer principle.
Ludwig von Mises
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Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of what is called economic freedom.
Ludwig von Mises
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It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.
Ludwig von Mises
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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.
Ludwig von Mises
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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.
Ludwig von Mises
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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