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Quote by Ludwig von Mises

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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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“Now, it is sometimes said that medical care is too important to be left to the market, and that it is immoral to profit from the illnesses of others. I say medical care is too important to be left to the failed central plans of the political class. And as for profiting from providing medical care, we can never be reminded enough that in a free society, a profit is a signal that valuable services are being rendered to people on a voluntary basis.”

“When I see the mostly young people of Occupy Wall Street - a mixture of the bored, the nihilistic, the seekers of excitement, the left-wing true believers, the confused idealists and those hoping to engage in violence - railing against the rich capitalists on Wall Street, I get worried. Because the hatred they express toward the rich is similar to that expressed against the rich by Stalin, Mao and Pol Pot. Of course, these people are not comparable to those killers. But class hatred must lead to bad things. That is why President Obama is playing with fire with his attacks on the rich.”