Ludwig von Mises Quotes

Throughout Philippine history, it's the immigrants who built fortunes and, in the process, helped build Philippine economy.

Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

I think it's fairly easy to provide a moral defense of capitalism. It has been - over the last 200 years - the underlying basis for enormous increases in productivity and human welfare and rising living standards, particularly in the United States, and in the industrialized nations but in fact, in most parts of the world.

It is the rate of investment which governs the rate of saving, and not vice versa.

India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

The accumulation of capital involves the expansion of value over time.

The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.

There can be no greater error then in supposing that capital is increased by non-consumption.

Prosperity's right hand is industry and her left hand is frugality.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

We're going to make America wealthy again, because if you don’t do that, it just - it sounds harsh to say, but we have to build up the wealth of our nation.

Americans took a great deal too much credit for creating wealth, when most of the time they had really just been living off natural bounty unprecedented in the history of the world.

Just spreading the money around - that isn't what makes people better off; it's having more and better goods and services.

Property is the fruit of labor; property is desirable; it is a positive good.

If we can make America great again and if we can get everybody working and bettering their lot in life, then this becomes the great country that it once was, that it's ceased to be.

Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?

Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.

I want to bring wealth back to our country so we can afford them.

The riches of successful entrepreneurs is not the cause of anybody's poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur's efforts.

We have to make our country rich again before we can make it great again.

I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.

East Asia confirms the superior capacity of industrial capitalism in raising the material standard of living of large masses of people.

The superfluities of a rich nation furnish a better object of trade than the necessities of a poor one. It is the interest of the commercial world that wealth should be found everywhere.