Ludwig von Mises

A Quote by Ludwig von Mises on economy, politics, banking, finance, and inflation

The final outcome of the credit expansion is general impoverishment.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 562

Contributed by: peter

A Quote by Ludwig von Mises on mankind, life, ideas, and human action

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

Source: PLANNED CHAOS

Contributed by: peter

A Quote by Ludwig von Mises on libertarianism and government

Thus, the isolated interference with one or a few prices of consumer goods always bring about effects--and this is important to realize--which are even less satisfactory than the conditions that prevailed before.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 45

Contributed by: Brian

A Quote by Ludwig von Mises on libertarianism and government

These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the governement itself--and the people who are asking for government interference--find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 51

Contributed by: Brian

A Quote by Ludwig von Mises on libertarianism, government, freedom, and serfdom

...this remedy is the power of the citizens; they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 54

Contributed by: Brian

A Quote by Ludwig von Mises on freedom libertarianism

Freedom really means the freedom to make mistakes.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 22

Contributed by: Brian

A Quote by Ludwig von Mises on socialism, capitalism, and freedom

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

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 28

Contributed by: Brian

A Quote by Ludwig von Mises on socialism, capitalism, and freedom

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

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 28

Contributed by: Brian

A Quote by Ludwig von Mises on socialism, capitalism, freedom, russia, and united states

Socialism in Russia has not brought about an improvement in the conditions of the average man which can be compared with the improvement of conditions, during the same period, in the United States.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 36

Contributed by: Brian

A Quote by Ludwig von Mises on libertarianism and government

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

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 37

Contributed by: Brian

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