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The sharper the competition, the better it serves its social function to improve economic production.

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
Production
Improve
Productions
Competition
Function
Economic
Social
Sharper
Better
Serves

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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
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Only the naive inflationist's could believe that government could enrich mankind through fiat money.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.
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Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity.
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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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Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.
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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
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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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Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
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What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.
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The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends.
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The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody.
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Under capitalism everybody is the architect of his own fortune.
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Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages derived from peaceful cooperation and division of labor are universal.
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The situation of having to belong to a state to which one does not wish is no less onerous if it is the result of an election than if one must endure it as the consequence of a military conquest.
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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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Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
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The public firm can nowhere maintain itself in free competition with the private firm it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
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If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
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