The market system is the basis of our civilization. Its only alternative is the Fรผhrer principle.
Ludwig von MisesThe gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
Ludwig von MisesThe mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
Ludwig von MisesMany 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 MisesA wealthy man can preserve his wealth only by continuing to serve the consumers in the most efficient way.
Ludwig von MisesPrivate property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will. It allows other forces to arise side by side with and in opposition to political power. It thus becomes the basis of all those activities that are free from violent interference on the part of the state. It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.
Ludwig von Mises