The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.
Ludwig von MisesValue is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.
Ludwig von MisesThose politicians, professors and union bosses who curse big business are fighting for a lower standard of living.
Ludwig von MisesCapital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.
Ludwig von Mises