Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors and it never changed.
Ludwig von MisesPrivate property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
Ludwig von MisesHuman civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.
Ludwig von MisesNot mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.
Ludwig von MisesHe who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.
Ludwig von Mises