The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.
Ludwig von MisesThis, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
Ludwig von MisesThe market economy as such does not respect political frontiers. Its field is the world.
Ludwig von MisesThe development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.
Ludwig von MisesAgainst what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression.
Ludwig von MisesLiberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.
Ludwig von Mises