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The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.
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
Succeeds
Taxation
Entrepreneur
Succeed
Better
Vilified
Soaked
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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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What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.
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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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The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what
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Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.
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Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends.
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This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
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Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.
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What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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War prosperity is like the prosperity that an earthquake or a plague brings.
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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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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by governments.
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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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There prevails on a free labor market a tendency toward full employment.
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The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
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It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction of competition, construction.
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The capitalist system was termed capitalism not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.
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