Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.
Ludwig von MisesWithout speculation there can be no economic activity reaching beyond the immediate present.
Ludwig von MisesIf the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other benefits from the treasury, democracy is done for.
Ludwig von MisesThe government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.
Ludwig von Mises