The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.
Ludwig von MisesThe development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.
Ludwig von MisesAll rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
Ludwig von MisesSocialism in Russia has not brought about an improvement in the conditions of the average man which can be compared with the improvement of conditions, during the same period, in the United States.
Ludwig von MisesLenin's ideal was to build a nation's production effort according to the model of the post office.
Ludwig von MisesThere is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.
Ludwig von Mises