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Quote by Ludwig von Mises

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Socialism - An Economic and Sociological Analysis: The Economist

Socialism - An Economic and Sociological Analysis: The Economist is a comprehensive study that delves into the economic and sociological aspects of socialism. The text examines the theoretical underpinnings and practical applications of socialist systems, providing a detailed analysis from The Economist's viewpoint. more

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Ludwig von Mises
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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“Liberalism 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.”

“The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.”

“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”

“The tragedy of young-earth creationism is that it takes a relatively recent and extreme view of Genesis, applies to it an unjustified scientific gloss, and then asks sincere and well-meaning seekers to swallow this whole, despite the massive discordance with decades of scientific evidence from multiple disciplines. Is it any wonder that many sadly turn away from faith concluding that they cannot believe in a God who asks for an abandonment of logic and reason?”

“Most scientists who are religious look for God in what science does understand and has explained. So the way in which my view is different from the creationists or intelligent design proponents is that I find knowledge a compelling reason to believe in God. They find ignorance a compelling reason to believe in God.”