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Quote by Ludwig von Mises

“Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.”

Quote by Ludwig von Mises

Book:Socialism - An Economic and Sociological Analysis: The Economist

Work

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

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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“The men who are to protect the community against violent aggression easily turn into the most dangerous aggressors. They transgress their mandate. They misuse their power for the oppression of those whom they were expected to defend against oppression. The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.”

Source: The Ultimate Foundation of Economic Science: An Essay on Method

“It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.”

Men Wealth Labor Foundation Lays Productive Inward Flowering

Book:Liberalism: The Classical Tradition: The Economist

Source: Liberalism: The Classical Tradition: The Economist

“The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor.”

Men Hands Law Order Social Honest Citizens Labor Fellows Fruit Toil Fellow Man Abiding Integrating Robbers Social Order Appropriation Law Abiding Citizen

Book:Liberalism: The Classical Tradition: The Economist

Source: Liberalism: The Classical Tradition: The Economist

“Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.”

Ifs Knows Wells Might Hate Loss Situation Economic Bears Circumstances Capitalism Prepared Heavy Harm Hated Resentment Economic Systems

Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

Source: The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

“Public opinion always wants easy money, that is, low interest rates.”

Want Easy Interest Money Opinion Lows Rate Public Opinion Interest Rate Easy Money

Author:Ludwig von Mises

“Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.”

Demand Increase Cash Quantity Inflation Corresponding

Author:Ludwig von Mises

“You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.”

Ifs Men Said Stills States Age Effort Conditions Politician Mass Critics Improvement Granted Welfare Arrogance Inferiors Better Than You Welfare State

Author:Ludwig von Mises

“Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.”

Source: Socialism - An Economic and Sociological Analysis: The Economist

“As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.”

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Book:Liberalism: The Classical Tradition: The Economist

Source: Liberalism: The Classical Tradition: The Economist

“If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.”