Ludwig von Mises Quotes - Page 12

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• Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

  Ludwig von Mises

  Philosophical, Hands, Ideas

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

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• Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.

  Ludwig von Mises

  Peace, War, House

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

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• All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

  Ludwig von Mises

  Successful, Men, Envy

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

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• The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.

  Ludwig von Mises

  Taken, Luxury, People

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.19, VM eBooks

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• In capitalist enterprise there is no secure income and no security of wealth.

  Ludwig von Mises

  Income, Wealth, Enterprise

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.342, VM eBooks

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• As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.

  Ludwig von Mises

  Government, Evil, Liberty

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.38, VM eBooks

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• Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.

  Ludwig von Mises

  Steps, Transformation, Socialism

  Ludwig von Mises (2015). “Middle of the Road Policy Leads to Socialism”, p.28, Ludwig von Mises Institute

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• Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.

  Ludwig von Mises

  Frustration, Law, Liberty

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• History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

  Ludwig von Mises

  Past, Historical, Happened

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• It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

  Ludwig von Mises

  Civilization, Movement, Merit

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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• Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature.

  Ludwig von Mises

  Spring, Men, People

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• The attainment of the economic aims of man presupposes peace.

  Ludwig von Mises

  Money, War, Men

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.48, VM eBooks

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• War prosperity is like the prosperity that an earthquake or a plague brings.

  Ludwig von Mises

  Peace, Money, War

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• Spiritual movements are revolts of thought against inertia, of the few against the many; of those who because they are strong in spirit are strongest alone against those who can express themselves only in the mass and the mob, and who are significant only because they are numerous.

  Ludwig von Mises

  Spiritual, Strong, Freedom

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.39, VM eBooks

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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.

  Ludwig von Mises

  Mean, Civilization, Wish

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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• There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

  Ludwig von Mises

  Nazi, Docile, Trotsky

  Ludwig Von Mises (1947). “Planned Chaos”, p.67, Ludwig von Mises Institute

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• Socialism is the renunciation of rational economy.

  Ludwig von Mises

  Socialism, Economy, Rational

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.96, VM eBooks

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• Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

  Ludwig von Mises

  Men, Groups, Doctrine

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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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.

  Ludwig von Mises

  Running, Selfish, Division Of Labor

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• Big business depends entirely on the patronage of those who buy its products: the biggest enterprises loses its power and its influence when it loses its customers.

  Ludwig von Mises

  Influence, Patronage, Bigs

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.4, Ludwig von Mises Institute

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• Civilization is a work of peaceful co-operation.

  Ludwig von Mises

  Civilization, Peaceful, Operations

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.292, VM eBooks

  7 Copy quote

• Every restriction of trade creates vested interests that are from then on opposed to its removal.

  Ludwig von Mises

  Restriction, Interest, Trade

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.255, Skyhorse Publishing, Inc.

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• Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

  Ludwig von Mises

  Slumps, Expansion, Credit

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.486, VM eBooks

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• In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.

  Ludwig von Mises

  Jobs, School, Men

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• War prosperity is like the prosperity that an earthquake or a plague brings...but no one has for those reasons yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.

  Ludwig von Mises

  War, Earthquakes, Prosperity

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