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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
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
Ultimately
Determine
Mass
Capacity
Wealth
Revenues
Everybody
Revenue
Masses
Consumers
More quotes by Ludwig von Mises
Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.
Ludwig von Mises
Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.
Ludwig von Mises
Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
Ludwig von Mises
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.
Ludwig von Mises
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
Under capitalism everybody is the architect of his own fortune.
Ludwig von Mises
The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
Ludwig von Mises
Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.
Ludwig von Mises
A genius is always a teacher, never a pupil he is always self-made.
Ludwig von Mises
Big business always serve - directly or indirectly - the masses.
Ludwig von Mises
There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.
Ludwig von Mises
Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
Ludwig von Mises
The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody.
Ludwig von Mises
The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.
Ludwig von Mises
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
Ludwig von Mises
It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction of competition, construction.
Ludwig von Mises
The first socialists were the intellectuals they, and not the masses, are the backbone of Socialism.
Ludwig von Mises
The characteristic mark of this age of dictators, wars and revolutions is its anticapitalistic bias. Most governments and political parties were eager to restrict the sphere of private initiative and free enterprise.
Ludwig von Mises
If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other benefits from the treasury, democracy is done for.
Ludwig von Mises
In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.
Ludwig von Mises