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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
Way
Obstacles
Standards
Unprecedented
Raised
Masses
Politician
Capitalist
Mass
Governments
System
Standard
Living
Politicians
Government
Spite

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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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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.
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Every socialist is a disguised dictator.
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The productivity of social cooperation surpasses in every respect the sum total of the production of isolated individuals.
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All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.
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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
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