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The capitalist system, in spite of all obstacles put in its way by governments and politicians, has raised the standard of living of the masses in an unprecedented way.
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
Standards
Unprecedented
Raised
Masses
Politician
Capitalist
Mass
Governments
System
Standard
Living
Politicians
Government
Spite
Way
Obstacles
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Reason is the main resource of man in his struggle for survival.
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When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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The market system makes all producers responsible to the consumer.
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A society that chooses between capitalism and socialism does not choose between two social systems it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism it is an alternative to any system under which men can live as human beings.
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The history of mankind is the history of ideas.
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The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.
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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.
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The final outcome of the credit expansion is general impoverishment.
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It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.
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Government means always coercion and compulsion and is by necessity the opposite of liberty.
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He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
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Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.
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Aggressors cannot wage total war without introducing Socialism.
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Socialism in Russia has not brought about an improvement in the conditions of the average man which can be compared with the improvement of conditions, during the same period, in the United States.
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Public opinion always wants easy money, that is, low interest rates.
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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.
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Only to bureaucrats can the idea occur that establishing new offices, promulgating new decrees, and increasing the number of government employees alone can be described as positive and beneficial measures.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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