Without speculation there can be no economic activity reaching beyond the immediate present.
Ludwig von MisesThe advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
Ludwig von MisesThe meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.
Ludwig von MisesThe real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
Ludwig von Mises