Ludwig von Mises Quotes - Page 19

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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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• 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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• Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.

  Ludwig von Mises

  Management, Socialism, Prove

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

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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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• 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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• 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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• 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.

  54 Copy quote

• 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

  4 Copy quote

• 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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• Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.

  Ludwig von Mises

  War, Victory, Well Being

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

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• Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

  Ludwig von Mises

  Government, Rising Prices, Trying

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

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• The Santa Claus principle liquidates itself.

  Ludwig von Mises

  Principles, Santa, Santa Claus

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• Behaviorism proposes to study human behavior according to the methods developed by animal and infant psychology. It seeks to investigate reflexes and instincts, automatisms and unconscious reactions. But it has told us nothing about the reflexes that have built cathedrals, railroads, and fortresses, the instincts that have produced philosophies, poems, and legal systems, the automatisms that have resulted in the growth and decline of empires, the unconscious reactions that are splitting atoms.

  Ludwig von Mises

  Philosophy, Animal, Psychology

  49 Copy quote

• He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.

  Ludwig von Mises

  Fall, Liberty, May

  Ludwig von Mises (2016). “Human Action”, p.241, Lulu Press, Inc

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• The inequality of income and fortunes is essential in capitalism.

  Ludwig von Mises

  Essentials, Income, Fortune

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

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• True, man cannot escape death. But for the present he is alive; and life, not death, takes hold of him... It is mans innate nature that he seeks to preserve and to strengthen his life, that he is discontented and aims at removing uneasiness, that he is in search of what may be called happiness.

  Ludwig von Mises

  Life, Men, Alive

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• Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

  Ludwig von Mises

  Peace, War, Division Of Labor

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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• Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

  Ludwig von Mises

  War, Important, Revolution

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.224, Skyhorse Publishing, Inc.

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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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