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Ludwig von Mises

Ludwig von Mises Quotes

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Famous Ludwig von Mises Quotes

“The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.”

PeopleFirstsHas BeensTodayEconomyRichTakenIndustryTomorrowStandardsInnovationRaisedPopulationFactorsLuxuryGrantedProgressiveIntroducingNew ThingsConsumptionIndispensableRich PeopleStimulusStandards Of LivingTaken For Granted
Book:Liberalism: The Classical Tradition: The Economist
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“The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.”

PeopleWantCausesProcessPovertyRichSucceedEntrepreneurSatisfactionRichesContraryConsumersCapitalist
Book:Anti-Capitalistic Mentality, The
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“These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the government itself — and the people who are asking for government interference — find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.”

PeopleMeanGovernmentWishSituationEconomicMiddleConditionsPolicyAskingAngryIsolatedApartmentHousingInterferenceAbolishShortageEconomic SystemsSmall PartsMiddle Of The RoadRent Control
Author:Ludwig von Mises
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