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In life everything is continually in flux.

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
Life
Flux
Continually
Everything

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Government means always coercion and compulsion and is by necessity the opposite of liberty.
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Despots and democratic majorities are drunk with power.
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The sharper the competition, the better it serves its social function to improve economic production.
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Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.
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A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the affluence that it bestows upon the common man.
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Government and state can never be perfect because they owe their raison d'être to the imperfection of man and can attain their end, the elimination of man's innate impulse to violence, only by recourse to violence, the very thing they are called upon to prevent.
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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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There is no kind of freedom and liberty other than the kind which the market economy brings about.
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What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
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Reason is the main resource of man in his struggle for survival.
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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 most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.
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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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Only the naive inflationist's could believe that government could enrich mankind through fiat money.
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While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.
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Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.
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The market economy-capitalism-is a social system of consumers' supremacy.
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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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Nobody is in a position to decree what should make a fellow man happier.
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Every restriction of trade creates vested interests that are from then on opposed to its removal.
Ludwig von Mises