We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.
Only one thing can conquer war-that attitude of mind which can see nothing in war but destruction and annihilation.
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.
If men do not now succeed in abolishing war, civilization and mankind are doomed.
The distinctive principle of Western social philosophy is individualism.
History makes one wise, but not competent to solve concrete problems.
Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
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.
It is true that some secluded intellectuals in their esoteric circles talk differently. They proclaim the priority of what they call eternal absolute values and feign in their declamations—not in their personal conduct—a disdain of things secular and transitory. But the public ignores such utterances. The main goal of present-day political action is to secure for the respective pressure group memberships the highest material well-being. The only way for a leader to succeed is to instill in people the conviction that his program best serves the attainment of this goal.
The characteristic feature of militarism is not the fact that a nation has a powerful army or navy. It is the paramount role assigned to the army within the political structure. Even in peacetime the army is supreme; it is the predominant factor in political life. The subjects must obey the government as soldiers must obey their superiors. Within a militarist community there is no freedom; there are only obedience and discipline.
Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.
There can be no freedom in art and literature where the government determines who shall create them.
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production
Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of what is called economic freedom.
Society is only possible on these terms, that the individual finds therein a strengthening of his own ego and his own will.
Aggressors cannot wage total war without introducing Socialism.
Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.
The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.
Socialist society is a society of officials.
Economically considered, war and revolution are always bad business.
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.
What governments call international monetary cooperation is concerted action for the sake of credit expansion.
The essence of democracy is not that everyone makes and administers laws but that lawgivers and rulers should be dependent on the people's will in such a way that they may be peaceably changed if conflict occurs.
Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard.
He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.
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