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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.

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
Progress
Risks
Risk
Established
Change
Code
Ideas
Heavy
Every
Inspired
Kind
Step
Variance
Always
Therefore
Codes
Steps
Involving

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It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.
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Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.
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Only the naive inflationist's could believe that government could enrich mankind through fiat money.
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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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If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.
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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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The history of mankind is the history of ideas.
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The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
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Men are fighting one another because they are convinced that the extermination and liquidation of adversaries is the only means of promoting their own well-being.
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The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property.
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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.
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All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.
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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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There is no other planning for freedom and general welfare than to let the market system work.
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