If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. Ludwig von Mises More Quotes by Ludwig von Mises More Quotes From Ludwig von Mises The democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments. Ludwig von Mises democracy choices people The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor. Ludwig von Mises collectives entity process If the government objects to monopoly prices for new inventions, it should stop granting patents. Ludwig von Mises new-inventions patents government The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it. Ludwig von Mises peaceful achievement war Human action is purposeful behavior. Ludwig von Mises behavior humans action Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law. Ludwig von Mises frustration liberty law If history could teach us anything, it would be that private property is inextricably linked with civilization. Ludwig von Mises economy would-be civilization Nobody is in a position to decree what should make a fellow man happier. Ludwig von Mises liberty freedom men The policies advocated by the welfare school remove the incentive to saving on the part of private citizens. Ludwig von Mises incentives citizens school Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited. Ludwig von Mises political order people Public opinion always wants easy money, that is, low interest rates. Ludwig von Mises public-opinion money want In many fields of the administration of interventionist measures, favoritism simply cannot be avoided. Ludwig von Mises favoritism administration fields If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes. Ludwig von Mises heirs demand entrepreneur Planning other people's actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them. Ludwig von Mises freedom mean people Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace. Ludwig von Mises adherence effort school The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property. Ludwig von Mises wish civilization mean Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production. Ludwig von Mises liberty suffering mean Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production. Ludwig von Mises cooperation division-of-labor mean Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists. Ludwig von Mises hurt experts people The Pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used. Ludwig von Mises teaching teacher jobs
