QUOTES by Ludwig Von Mises

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It suffices here to say that the planned economy which the advocates of dictatorship wish to set up is precisely as socialistic as the Socialism propagated by the self-styled Social Democrats.
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Ludwig Von Mises

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The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends.
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Ludwig Von Mises

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The people of the United States are more prosperous…because their government embarked later than other governments…upon the policy of obstructing business
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Ludwig Von Mises

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The welfare of a people lies not in casting other peoples down but in peaceful collaboration.
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Ludwig Von Mises

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No people and no part of a people shall be held against its will in a political association that it does not want.
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Ludwig Von Mises

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In science, compromise is a betrayal of truth.
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Ludwig Von Mises

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There is joint action, but no joint thinking. There is only tradition which preserves thoughts and communicates them to others as a stimulus to their thinking.
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Ludwig Von Mises

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Human thoughts about things of which neither pure reasoning nor experience provides any knowledge may differ so radically that no agreement can be reached.
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Ludwig Von Mises

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The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.
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Ludwig Von Mises

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Logic and reasoning, which might show the absurdity of such dreams of bliss and revenge, are to be thrust aside.
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Ludwig Von Mises

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Against what is stupid, nonsensical, erroneous, and evil, liberalism fights with the weapons of the mind, and not with brute force and repression.
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Ludwig Von Mises

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It is the consumers who make poor people rich and rich people poor.
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Ludwig Von Mises

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Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.
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Ludwig Von Mises

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But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.
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Ludwig Von Mises

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Inflationism is that monetary policy that seeks to increase the quantity of money.
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Ludwig Von Mises

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History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies. The
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Ludwig Von Mises

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Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.
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Ludwig Von Mises

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Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.
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Ludwig Von Mises

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The function of money is to facilitate the business of the market by acting as a common medium of exchange.
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Ludwig Von Mises

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Only very few men have the gift of thinking new and original ideas and of changing the traditional body of creeds and doctrines.
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Ludwig Von Mises

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The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.
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Ludwig Von Mises

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The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.
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Ludwig Von Mises

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One must rather ask how much could be produced if competition among producers were abolished.
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Ludwig Von Mises

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It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.
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Ludwig Von Mises

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More dangerous than bayonets and cannon are the weapons of the mind.
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Ludwig Von Mises

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Economics is a living thing—and to live implies both imperfection and change.
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Ludwig Von Mises

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It is common with narrow-minded people to reflect upon every respect in which other people differ from themselves.
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Ludwig Von Mises

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Thinking is always thinking of a potential action.
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Ludwig Von Mises

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Religious wars are the most terrible wars because they are waged without any prospect of conciliation.
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Ludwig Von Mises

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What is called “orthodox” economics is in most countries barred from the universities and is virtually unknown to the leading statesmen, politicians, and writers.
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Ludwig Von Mises

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The individual is today no longer primarily a citizen, but a party member.
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Ludwig Von Mises

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The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.
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Ludwig Von Mises

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Production is “anarchistic.
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Ludwig Von Mises

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The exchange-value of money is the anticipated use-value of the things that can be obtained with it.
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Ludwig Von Mises

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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.
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Ludwig Von Mises

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Human action is purposeful behavior.
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Ludwig Von Mises

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Every socialist is a disguised dictator.

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Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.
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Ludwig Von Mises

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Anticapitalism can maintain itself in existence only by sponging on capitalism.
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Ludwig Von Mises

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If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
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Ludwig Von Mises

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In a capitalist society one can hold on to one’s fortune only if one perpetually acquires it anew by investing it wisely.
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Ludwig Von Mises

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If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.
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Ludwig Von Mises

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The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.
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Ludwig Von Mises

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In a battle between force and an idea, the latter always prevails.
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Ludwig Von Mises

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Romanticism is man's revolt against reason, as well as against the condition under which nature has compelled him to live.
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Ludwig Von Mises

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Every type of socialism is unworkable because economic calculation is impossible in a socialist community.
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Ludwig Von Mises

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It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.
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Ludwig Von Mises

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Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.
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Ludwig Von Mises

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