Ludwig von Mises Quotes

The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!

The real bosses, in the capitalist system of market economy, are the consumers.

No architect is held responsible for the behavior of those who inhabit the structure he designed.

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.

…this remedy is the power of the citizens; they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.

The market economy-capitalism-is a social system of consumers’ supremacy.

In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism.

The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.

Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.