Ludwig von Mises

"Profit and loss are the means by which the free market enforces social responsibility."

"There is no such thing as an ideal state. All political systems are subject to the laws of economics."

"The most important task of the economist is to refute the fallacies of the present age."

"Value is entirely subjective. What one man treasures, another may regard as worthless."

"The division of labor is limited by the extent of the market. Expand the market and you expand civilization."

"The businessman succeeds when he anticipates the desires of consumers better than his competitors."

"Socialism is not a minor evil; it is a comprehensive program that will destroy civilization."

"A man of conscience must refuse to participate in immoral actions, regardless of the law."

"The greatest threat to peace is not military power, but the ignorance of economic law."

"To understand the present, one must understand history. To understand history, one must understand economics."

"The customer is always right because the customer decides what is produced."

"Ideas have consequences. The ideas we accept today will determine our society tomorrow."

"A free market is the only system that allows for peaceful cooperation among diverse peoples."

"Inflation is the increase in the quantity of money relative to the available goods and services."

"The desire to help others is noble, but good intentions do not guarantee good results."

"Government spending is not free. Every dollar spent by government must be taken from someone."

"The most destructive force in the world is not atomic energy, but government monopoly."

"In the market, you get rewarded for serving others better than anyone else."

"The task of economics is to demonstrate to people how little they actually know about what they imagine they can design."

"A debasement of the currency cannot be kept secret. The public will eventually discover it."

"The only way to prosperity is through saving, investment, and the voluntary cooperation of individuals."

"The consumer economy is the only truly democratic system ever devised."

"Propaganda cannot change economic reality, though it may delay the recognition of it."

"The ultimate justification for private property is not morality, but efficiency."

"A man must have the courage to stand against the prevailing opinion of his time."

"The market rewards virtue only to the extent that virtue serves the interests of others."

"Poverty is the natural state of mankind. Prosperity must be created through work and saving."

"A society that does not properly reward productivity will eventually stagnate and decline."

"The study of economics is a moral science, because it deals with human action and values."

"Fiat money, when divorced from any commodity standard, is inherently unstable and destined to fail."