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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
Risk
Established
Change
Code
Ideas
Heavy
Every
Inspired
Kind
Step
Variance
Always
Therefore
Codes
Steps
Involving
Progress
Risks
More quotes by Ludwig von Mises
Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.
Ludwig von Mises
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.
Ludwig von Mises
Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion in short, protracted inflation.
Ludwig von Mises
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
Ludwig von Mises
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.
Ludwig von Mises
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.
Ludwig von Mises
All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.
Ludwig von Mises
Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.
Ludwig von Mises
Servile labour disappeared because it could not stand the competition of free labour its un-profitability sealed its doom in the market economy.
Ludwig von Mises
There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.
Ludwig von Mises
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.
Ludwig von Mises
The market and its inescapable law are supreme.
Ludwig von Mises
Nobody can be at the same time a correct bureaucrat and an innovator
Ludwig von Mises
The market system makes all producers responsible to the consumer.
Ludwig von Mises
Fortunes cannot grow someone has to increase them.
Ludwig von Mises
The government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.
Ludwig von Mises
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
Ludwig von Mises
Public opinion always wants easy money, that is, low interest rates.
Ludwig von Mises
It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.
Ludwig von Mises
What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
Ludwig von Mises