Ludwig von Mises Quotes - Page 4

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• State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.

  Ludwig von Mises

  Growth, Done, Regulation

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.426, VM eBooks

  17 Copy quote

• German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed.

  Ludwig von Mises

  Philosophy, Political, Human Nature

  Ludwig Von Mises (1944). “Bureaucracy”

  17 Copy quote

• Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.

  Ludwig von Mises

  Philosophy, Men, Civilization

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

  22 Copy quote

• The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody.

  Ludwig von Mises

  Government, Giving, Magic

  Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.78, VM eBooks

  9 Copy quote

• A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a correct description of of the functions of a good government. Government ought to do all the things for which it is needed and for which it is established. Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. These are the functions of government within a free system, within the system of the market economy.

  Ludwig von Mises

  Country, Believe, Government

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.37, Ludwig von Mises Institute

  11 Copy quote

• The truth is that the government cannot give if it does not take from somebody...It is not in the power of the government to make everybody more prosperous.

  Ludwig von Mises

  Government, Giving, Doe

  10 Copy quote

• In the bureaucratic machine of socialism the way toward promotion is not achievement but the favor of the superiors.

  Ludwig von Mises

  Achievement, Machines, Favors

  Ludwig Von Mises (1944). “Bureaucracy”

  9 Copy quote

• Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.

  Ludwig von Mises

  Exercise, Thinking, Evil

  20 Copy quote

• Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.

  Ludwig von Mises

  Men, Civilization, Facts

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.26, VM eBooks

  7 Copy quote

• The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.

  Ludwig von Mises

  People, Boss, Facts

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.21, Ludwig von Mises Institute

  39 Copy quote

• The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.

  Ludwig von Mises

  Struggle, Men, Survival

  15 Copy quote

• Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

  Ludwig von Mises

  Taken, Magic, Liberty

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

  17 Copy quote

• It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.

  Ludwig von Mises

  Challenges, Doe, Attention

  Ludwig von Mises (2016). “Human Action”, p.85, Lulu Press, Inc

  20 Copy quote

• Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

  Ludwig von Mises

  Miracle, Stones, Corn

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

  10 Copy quote

• What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

  Ludwig von Mises

  Commodity Prices, People, Investing

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

  7 Copy quote

• Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort.

  Ludwig von Mises

  People, Effort, Democracy

  Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.112, VM eBooks

  8 Copy quote

• Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

  Ludwig von Mises

  Hard Work, Doctors, Self

  Ludwig von Mises (1985). “Theory and History”, p.263, Ludwig von Mises Institute

  21 Copy quote

• The first socialists were the intellectuals; they, and not the masses, are the backbone of Socialism.

  Ludwig von Mises

  Firsts, Socialism, Mass

  6 Copy quote

• There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.

  Ludwig von Mises

  Entrepreneur, Earning, Reason Why

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

  8 Copy quote

• Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

  Ludwig von Mises

  Party, Government, People

  10 Copy quote

• Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

  Ludwig von Mises

  Mean, Division Of Labor, Entrepreneur

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

  41 Copy quote

• Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own.

  Ludwig von Mises

  Inspirational, Mean, Joints

  Ludwig von Mises (2016). “Human Action”, p.210, Lulu Press, Inc

  10 Copy quote

• The mark of the creative mind is that it defies a part of what it has learned.

  Ludwig von Mises

  Creative, Mind, Mark

  Ludwig von Mises (2016). “An Interpretation of Social and Economic Evolution: The Economist”, p.187, VM eBooks

  12 Copy quote

• All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.

  Ludwig von Mises

  Evil, Outcomes, Evidence

  7 Copy quote

• The riches of successful entrepreneurs is not the cause of anybody's poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur's efforts.

  Ludwig von Mises

  Successful, Entrepreneur, Effort

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

  18 Copy quote

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