This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.
Ludwig von MisesProgressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
Ludwig von MisesThe concept of a 'just' or 'fair' price is devoid of any scientific meaning; it is a disguise for wishes, a striving for a state of affairs different from reality.
Ludwig von MisesCapitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
Ludwig von MisesThe [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.
Ludwig von Mises