The sharper the competition, the better it serves its social function to improve economic production.
Ludwig von MisesThe characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.
Ludwig von MisesKeynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.
Ludwig von MisesThe development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.
Ludwig von Mises