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"What ranks above all else for economic and political reconstruction is a radical change of ideologies. Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem."
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"We...advance toward a state of society in which not only each man but every impulse in each man claims carte blanche."
"People are very busy; they are so busy that when they walk in the crowds they see no one, no one but themselves; they hear no voice, no voice but their own voice!"
"In a materialistic society, the dead body of a rich man's dog is regarded as a corpse; that of a poor man, a carcass."
"Poverty is like a crumb that sits at a table, and starves itself to death."
"The action or inaction of any government does not negate the Personal Responsibility of the citizens."
"Keep your finger on the pulse of society, take controversies with a grain of salt, lick your finger and then lift it to the wind; always know what is going on, my friend, so this world can never steer you wrong again."
"The journey of every ignorant and obedient society always ends up in the same place: In the desert!"
Explore more quotes by Ludwig von Mises
"Rhetorical bombast, music and song resound, banners wave, flowers and colors serve as symbols, and the leaders seek to attach their followers to their own person. Liberalism has nothing to do with all this. It has no party flower and no party color, no party song and no party idols, no symbols and no slogans. It has the substance and the arguments. These must lead it to victory."
"It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion."
"The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property."
"If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers."
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."
"That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard."
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