Ludwig von Mises Quotes - Page 8

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• Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.

  Ludwig von Mises

  Loss, Ideas, Decision

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

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• Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

  Ludwig von Mises

  Numbers, People, World

  Ludwig von Mises (2016). “Human Action”, p.1076, Lulu Press, Inc

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• Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.

  Ludwig von Mises

  Running, Ideas, Political

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• The state can be and has often been in the course of history the main source of mischief and disaster.

  Ludwig von Mises

  Peace, War, Liberty

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

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• No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.

  Ludwig von Mises

  Fall, Management, Prey

  Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International

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• The first thing a genius needs is to breath free air.

  Ludwig von Mises

  Air, Needs, Genius

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.108, Ludwig von Mises Institute

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• If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

  Ludwig von Mises

  Government, Evil, Balance

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.73, Ludwig von Mises Institute

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• A free press can only exist where there is private control over the means of production

  Ludwig von Mises

  Mean, Free Press, Productions

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• All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

  Ludwig von Mises

  Fighting, People, Liberty

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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• If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other benefits from the treasury, democracy is done for.

  Ludwig von Mises

  Democracy, Receiving, Salary

  Ludwig Von Mises (1944). “Bureaucracy”

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• Continued inflation inevitably leads to catastrophe.

  Ludwig von Mises

  Inflation, Catastrophe

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• It is necessary to curb the power of government. This is the task of all constitutions, bills of rights and laws. This is the meaning of all struggles which men have fought for liberty.

  Ludwig von Mises

  Freedom, Struggle, Men

  Ludwig von Mises (2016). “Human Action”, p.350, Lulu Press, Inc

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• The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.

  Ludwig von Mises

  Jobs, Government, People

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• The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends.

  Ludwig von Mises

  Life, Mean, Men

  Ludwig Von Mises (1947). “Planned Chaos”, p.49, Ludwig von Mises Institute

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• The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state.

  Ludwig von Mises

  Civilization, America, Essentials

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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• The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.

  Ludwig von Mises

  Mistake, Mean, Facts

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• Big business always serve - directly or indirectly - the masses.

  Ludwig von Mises

  Bigs, Mass, Big Business

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• The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.

  Ludwig von Mises

  People, Entrepreneur, Want

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.43, Ludwig von Mises Institute

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• What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.

  Ludwig von Mises

  Government, Economic, Monetary System

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

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• The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.

  Ludwig von Mises

  Men, Ideas, Two

  Ludwig von Mises (2016). “Human Action”, p.1075, Lulu Press, Inc

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• Welfare policies never attain those - allegedly beneficial - ends which the government and the self-styled progressives who advocated them wanted to attain, but - on the contrary - bring about a state of affairs which - from the very point of view of the government and its supporters - is even more unsatisfactory than the previous state of affairs they wanted to 'improve.'

  Ludwig von Mises

  Government, Self, Views

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• To the masses, the catchwords of Socialism sound so enticing... so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.

  Ludwig von Mises

  Taken, Years, Civilization

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• Every step toward the elimination of profit is progress on the way toward social disintegration.

  Ludwig von Mises

  Progress, Way, Steps

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

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• Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.

  Ludwig von Mises

  Voice, Mind, Trying

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.465, VM eBooks

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• 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

  Mean, Progressive Taxation, People

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.84, Ludwig von Mises Institute

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