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Quote by Ludwig von Mises

“If the government objects to monopoly prices for new inventions, it should stop granting patents.”

Quote by Ludwig von Mises

Author

Ludwig von Mises

Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more

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“What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.”

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Book:Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

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“Historical knowledge is indispensable for those who want to build a better world”

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“Lenin's ideal was to build a nation's production effort according to the model of the post office.”

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Author:Ludwig von Mises

“Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living.”

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“Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away”

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Book:Economic Policy: Thoughts for Today and Tomorrow

Source: Economic Policy: Thoughts for Today and Tomorrow

“I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.”

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Book:Capitalism and Freedom: Fortieth Anniversary Edition

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.”

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“Government price-fixing once started, has alike no justice and no end. It is an economic folly from which this country has every right to be spared.”

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Author:Calvin Coolidge

“In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.”

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