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As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.

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
Become
Soon
Members
Liberty
Humbug
Economy
Liberties
Economic
Removed
Rights
Grants
Freedom
Bills
Political
Market

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In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.
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Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.
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Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.
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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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There is no other planning for freedom and general welfare than to let the market system work.
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There can be no freedom in art and literature where the government determines who shall create them.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.
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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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Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.
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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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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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Economic control is not merely control of a sector of human life that can be separated from the rest it is the control of the means for all our ends.
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Do not give in to evil, but proceed ever more boldly against it.
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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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A new type of superstition has got hold of people's minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.
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