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Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.

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
Management
Inefficient
Prove
Wasteful
Everybody
Governmental
Experience
Fanatics
Proves
Socialism
Clearly
Daily
Bigoted

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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
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The market system is the basis of our civilization. Its only alternative is the Führer principle.
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The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
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Under capitalism everybody provides for their own needs by serving others.
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What can prevent the coming of totalitarian socialism is only a thorough change in ideologies. What we need is an open positive endorsement of that system to which we owe all the wealth that distinguished our age from the conditions of ages gone by.
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Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
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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.
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The market economy-capitalism-is a social system of consumers' supremacy.
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Value is not intrinsic, it is not in things. It is within us it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.
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During the 2300 years since Plato, very little opposition has been registered to his ideas.
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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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Nobody can be at the same time a correct bureaucrat and an innovator
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As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.
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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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There is, in fact, only one solution: the state, the government, the laws must not in any way concern themselves with schooling or education. Public funds must not be used for such purposes. The rearing and instruction of youth must be left entirely to parents and to private associations and institutions
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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.
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