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In public administration there is no connection between revenue and expenditure.
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
Expenditure
Expenditures
Revenue
Connection
Administration
Connections
Public
More quotes by Ludwig von Mises
Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.
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The first socialists were the intellectuals they, and not the masses, are the backbone of Socialism.
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The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
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History has witnessed the failure of many endeavors to impose peace by war, cooperation by coercion, unanimity by slaughtering dissidents.... A lasting order cannot be established by bayonets.
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The uncouth hordes of common men are not fit to recognize duly the merits of those who eclipse their own wretchedness.
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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.
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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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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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The masses favor socialism because they trust the socialist propaganda of the intellectuals. The intellectuals, not the populace, are molding public opinion.
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Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.
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On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction it can never improve it.
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Economic knowledge necessarily leads to liberalism
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Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.
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How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!
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There is no other planning for freedom and general welfare than to let the market system work.
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There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.
Ludwig von Mises
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
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Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
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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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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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