Ludwig von Mises Quotes - Page 19

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• During the 2300 years since Plato, very little opposition has been registered to his ideas.

  Ludwig von Mises

  Plato, Years, Ideas

  "Marxism Unmasked: From Delusion to Destruction". Book by Ludwig von Mises, 1952.

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• The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.

  Ludwig von Mises

  United States, Outcomes, Facts

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• In public administration there is no connection between revenue and expenditure.

  Ludwig von Mises

  Connections, Administration, Revenue

  Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.44, VM eBooks

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• We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.

  Ludwig von Mises

  Men, Perfect, Mind

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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.

  Ludwig von Mises

  Teaching, Successful, Demand

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

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• There prevails on a free labor market a tendency toward full employment.

  Ludwig von Mises

  Employment, Tendencies, Labor

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• Only the naive inflationist's could believe that government could enrich mankind through fiat money.

  Ludwig von Mises

  Believe, Government, Mankind

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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

  Ideas, Risk, Progress

  Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.63, VM eBooks

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• Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.

  Ludwig von Mises

  Moving, Airplane, Talking

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

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• The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

  Ludwig von Mises

  Freedom, Careers, Fundamentals

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.27, Ludwig von Mises Institute

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• A new type of superstition has got hold of people's minds, the worship of the state.

  Ludwig von Mises

  People, Mind, Superstitions

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

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• All present-day governments are fanatically committed to an easy money policy.

  Ludwig von Mises

  Government, Easy, Committed

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

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• An intellectual inferiority of the masses would manifest itself most evidently in their aiming at the abolition of the system in which they themselves are supreme and are served by the elite of the most talented men.

  Ludwig von Mises

  Equality, Men, Egalitarianism

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• As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.

  Ludwig von Mises

  Mean, Helping Others, Overcoming

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.392, VM eBooks

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• On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction; it can never improve it.

  Ludwig von Mises

  Government, Needs, Satisfaction

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• The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.

  Ludwig von Mises

  Mean, Men, Order

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

  Ludwig von Mises

  Optimistic, Frustration, People

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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.

  Ludwig von Mises

  Mean, Equality, Men

  Ludwig Von Mises (1990). “Money, method, and the market process: essays”, Ludwig von Mises Institute

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• If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.

  Ludwig von Mises

  Speak English, Gold, Facts

  "The Gold Standard". Excerpt from chapter 17 of "Human Action, The Scholar's Edition", book by Ludwig von Mises, mises.org. 1949.

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• A country becomes more prosperous in proportion to the rise in the invested capital unit per unit of its population.

  Ludwig von Mises

  Country, Population, Proportion

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.14, Ludwig von Mises Institute

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• 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

  Competition, Economy, Doom

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• Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.

  Ludwig von Mises

  Self, Height, Certain

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• The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what

  Ludwig von Mises

  People, Giving, Entrepreneur

  Ludwig Von Mises (1944). “Bureaucracy”

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• The people who think that the power of big business is enormous are mistaken

  Ludwig von Mises

  Business, Thinking, People

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

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• The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for by impoverishment.

  Ludwig von Mises

  Blessing, Overconsumption, Factors Of Production

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