Ludwig von Mises Quotes About Running
-
Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.
→ -
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
→ -
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
→ -
In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet. Then the oppressed many will rise in rebellion and overthrow their masters.
→ -
What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.
→ -
In the long run the ideas of the majority, however detrimental they may be, will carry on. The future of mankind depends on the ability of the elite to influence public opinion in the right direction.
→
Related Authors
-
Israel Kirzner Economist -
David D. Friedman Economist -
Adam Smith Philosopher -
Walter Block Economist -
Llewellyn Rockwell Author -
Thomas Woods Historian -
Murray Rothbard Economist -
Olavo de Carvalho Philosopher -
Friedrich August von Hayek Economist -
Hans-Hermann Hoppe Economist -
Carl Menger Economist -
Ron Paul Former U.S. Representative -
John Maynard Keynes Economist -
Henry Hazlitt Journalist -
Milton Friedman Economist -
James M. Buchanan Economist -
Frederic Bastiat Economist -
Joseph A. Schumpeter Economist -
Ayn Rand Novelist