"Marx’s economic teachings are essentially a garbled rehash of the theories of Adam Smith and, first of all, of Ricardo." -- Ludwig von Mises, Theory and History.
#mises #economics #misesquotes

"The Marxian dogma according to which socialism is bound to come “with the inexorability of a law of nature” is just an arbitrary surmise devoid of any proof." -- Ludwig von Mises, Planning for Freedom.
#mises #misesquotes #socialism

"The issue is not the right to form associations. It is whether or not any association of private citizens should be granted the privilege of resorting with impunity to violent action. It is the same problem that relates to the activities of the Ku Klux Klan." — Ludwig von Mises, Human Action.
#unions #kukluxklan #mises #misesquotes #capitalism

"No one has ever succeeded in the effort to demonstrate that unionism could improve the conditions and raise the standard of living of all those eager to earn wages." — Ludwig von Mises, Human Action.
#unions #economics #mises #humanaction #capitalism #misesquotes

"Murray Rothbard’s Man, Economy, and State (MES) is one of the two greatest books on free market economics of the twentieth century. The other, of course, is Ludwig von Mises’s Human Action. Rothbard at first intended his book to be an easier-to-understand guidebook to Human Action, but it soon turned into a major treatise in its own right."
https://mises.org/mises-wire/greatness-man-economy-and-state
#rothbard #mises #mespm #economics #science

"Whoever wishes peace among peoples must fight statism," — Ludwig von Mises.
https://mises.org/mises-daily/mises-war-0
#statism #mises #war #peace

A significant number of men and women are not stupid (in fact, they think they are smart enough). They are economically illiterate, ignorant. They are unaware of the existence of the true economic theory of Mises and Rothbard or they have been convinced by government-appointed propaganda intellectuals that the achievements of these great scholars are not worthy of attention.
#economics #mises #rothbard #publicopinion #science

@EUCommission An economic system with a single economic czar, i.e. #socialism, is impracticable (read the works of #Mises on this). An ecological/biological system with a single species possessing #intelligence is also impracticable. #climate #climatechange

"Now, whoever accepts the ideology of #nationalism and #socialism as true and as the standard of his own nation’s policy, is not in a position to refute the conclusions drawn from them by the Nazis. There is no hope of eradicating the aggression mentality if one does not explode entirely the ideological fallacies from which it stems. This is not a task for psychiatrists, but for economists….
Man has only one tool to fight error: reason."
https://mises.org/mises-wire/misess-fight-against-error
#mises #economics #ideology

"... forced them to withdraw from Russia. They could even occasionally defeat the rearguards of the retreating Nazis. They could conquer Berlin and Vienna when the American airplanes had smashed the German defences. When the Americans had crushed the Japanese, the Russians could quietly stab them in the back." -- Ludwig von Mises, Planned Chaos.
https://mises.org/library/book/planned-chaos
#russia #europe #stalin #lenin #mises #socialism

"... The position of the Bolsheviks in regard to the problem of the territorial expansion of their dominions is not a whit different. They too acknowledge no other rule than that, in the conquest of new lands, one may and indeed must go as far as one dares, with due regard to one's resources." -- Ludwig von Mises, Liberalism
https://cdn.mises.org/Liberalism%20In%20the%20Classical%20Tradition_3.pdf
#mises #liberalism #capitalism #socialism #russia #europe #defence

"The market economy involves peaceful cooperation. It bursts asunder when the citizens turn into warriors and, instead of exchanging commodities and services, fight one another." — Ludwig von Mises, Human Action.
https://mises.org/online-book/human-action/chapter-xxxiv-economics-war/1-total-war
#mises #economics #war #history #politics #statism #humanaction #capitalism #marketeconomy

"Anderson accurately quotes from Mises’s Liberalism but nevertheless utterly distorts Mises’s view. Mises offers in that book a penetrating criticism of Italian fascism, and only by extracting the quoted sentence from its context, and distorting its meaning, has Anderson been able to portray Mises as a supporter of Mussolini."
https://mises.org/mises-wire/truth-about-mises-and-fascism
#mises #socialism #fascism #mussolini #nazism #history

"Elon Musk—via his DOGE—exposing and attempting to cut government waste is wonderful. However, it’d be even better if Elon focused more on striking closer to the root of the problem: the public’s economic ignorance from which all the disastrous, coercive, competition-immune, monopolistic government central planning ... grows. This is precisely what Ludwig von Mises did, and I like to call it the Misesian formula for prosperity."
https://mises.org/mises-wire/elons-doge-ok-mises-way-better
#mises #musk #economics #politics #doge

"But there can be no doubt that protectionism aims at damaging the interests of foreign peoples and really does damage them. It is an illusion to assume that those injured will tolerate other nations’ protectionism if they believe that they are strong enough to brush it away by the use of arms. The philosophy of protectionism is a philosophy of war."
https://mises.org/online-book/human-action/chapter-xxiv-harmony-and-conflict-interests/5-conflicts-our-age
#protectionism #tariffs #economics #politics #mises #humanaction

@remixtures You write: "their bosses, who want to maximize profit". The economic ignoramuses like you can't understand that #profit is the proof that the #business makes people more happy (less unhappy). Under #capitalism, the businessman can't make a profit, if consumers don't buy his goods or services. So you should read/listen to the real economists, i.e. #Mises and/or #Rothbard, and don't repeat the nonsense of #Marx or #Keynes. https://mises.org/library/book/lessons-young-economist
#economics #politics

@UnitedStates Milton #Friedman is very small compared to Ludwig von #Mises or Murray #Rothbard on the #freemarket, including #freetrade.

"The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract." -- Ludwig von Mises. https://mises.org/library/book/human-action #debt #economics #mises #interest

"Whoever wishes peace among peoples must fight statism." -- Ludwig von Mises, (Nation, State, and Economy). #mises #peace #statism #tariffs #trump #economics #capitalism

"A particularly outstanding feature of J.B. Say's treatise is that he was the first economist to think deeply about the proper methodology of his discipline, and to base his work, as far as he could, upon that methodology. From previous economists and from his own study, he arrived at the unique method of economic theory, what Ludwig von Mises was, over a century later, to call ‘praxeology’." #jbsay #mises #praxeology #economics