Home / Quotes / Quote by Ludwig von Mises

Quote by Ludwig von Mises

“Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.”

Quote by Ludwig von Mises

Book:Economic freedom and interventionism: an anthology of articles and essays

Work

Economic freedom and interventionism: an anthology of articles and essays

Economic freedom and interventionism: an anthology of articles and essays gathers various perspectives on the balance between economic freedom and government intervention. The collection includes scholarly works that delve into the theoretical and practical aspects of these economic ideologies. more

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

You May Also Like

“There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.”

“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest.”

People Thinking Way Want Should States Wish Interest Wealth United Pay United States Stupid Amount Add Investing Debt Compelled Loan National Debt Old Ways

Author:Thomas A. Edison

“Democracy is a process by which the people are free to choose the man who will get the blame. Education is a method whereby one acquires a higher grade of prejudices. In spite of the cost of living, it's still popular.”

People Men Stills Process Democracy He Man Higher Cost Prejudice Method Blame Investing Acquire Spite Grades Cost Of Living

Author:Laurence J. Peter

“Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.”

Knows Causes Investing Definitions Statements Minimum Unemployment Wages Economist Inflation Minimum Wage

Author:Milton Friedman

“I know that I am one with beauty and that my comrades are one. Let our souls be mountains, Let our spirits be stars, Let our hearts be worlds.”

Knows World Heart Soul Spirit Stars Mountain Investing Comrade

Book:Ansel Adams: Divine Performance

Source: Ansel Adams: Divine Performance

“What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.”

Ifs Should Firsts Done Lasts Night Asks Risk Okay Investing Pushing Last Night Shareholders Deposits Pushing Back

Author:Jeroen Dijsselbloem

“But when I am alone, I do not have the effrontery to consider myself an artist at all, not in the grand old meaning of the word: Giotto, Titian, Rembrandt, Goya were great painters. I am only a public clown-a mountebank. I have understood my time and have exploited the imbecility, the vanity, the greed of my contemporaries. It is a bitter confession, this confession of mine, more painful than it may seem. But at least and at last it does have the merit of being honest.”

May Doe Seems Lasts Artist Honest Mines Understood Greed Investing Painful Painter Bitter Vanity Being Honest Merit My Time Confession Clown Imbecility Goya Giotto

Author:Pablo Picasso

“In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representative who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions.”

“Bureaucracies are progressive. meaning they have a burning fear that someone. somewhere, is doing something without permission.”

Investing Burning Progressive Permission Bureaucracy

Author:Jerry Pournelle

“In most bull markets there comes a time when the public controls fluctuations and the efforts of the largest operators are insufficient to check the rising tide.”

Effort Investing Checks Rising Tides Bulls Insufficient There Comes A Time Operators Fluctuation Bull Markets

Author:Charles Dow