The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers. Ludwig von Mises More Quotes by Ludwig von Mises More Quotes From Ludwig von Mises Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions. Ludwig von Mises unintended-consequencesmarketplacegovernment What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning. Ludwig von Mises soundtodayneeds Economics is not about things and tangible material objects; it is about men, their meanings and actions. Ludwig von Mises successmotivationalmen A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. Ludwig von Mises doementwo There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. Ludwig von Mises finalslibertymean Depressions and mass unemployment are not caused by the free market but by government interference in the economy. Ludwig von Mises unemploymentlibertygovernment Government is essentially the negation of liberty. Ludwig von Mises negationlibertygovernment Under capitalism everybody provides for their own needs by serving others. Ludwig von Mises serving-otherscapitalismneeds The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines. Ludwig von Mises agephilosophywar The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression. Ludwig von Mises slumpsdatareal Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people. Ludwig von Mises numberspeopleworld The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested. Ludwig von Mises progressive-taxationclassphilosophy Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses. Ludwig von Mises progressentrepreneuruse Society is best served when the means of production are in the possession of those who know how to use them best. Ludwig von Mises possessionusemean The concept of a 'just' or 'fair' price is devoid of any scientific meaning; it is a disguise for wishes, a striving for a state of affairs different from reality. Ludwig von Mises differentwishreality The market is a democracy in which every penny gives a right to vote. Ludwig von Mises democracypenniesgiving Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management. Ludwig von Mises politicalgovernmentmean The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest. Ludwig von Mises rootswarpeace State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness. Ludwig von Mises regulationgrowthdone Freedom really means the freedom to make mistakes. Ludwig von Mises making-mistakesmistakemean
