The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
Ludwig von MisesThe aim of all struggles for liberty is to keep in bounds the armed defenders of peace, the governors and their constables. The political concept of the individual's freedom means: freedom from arbitrary action on the part of the police power.
Ludwig von MisesIt is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will become effective.
Ludwig von MisesThe whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.
Ludwig von MisesAll varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.
Ludwig von Mises