Quotes and Insights by Ludwig von Mises


  • Between the Two World Wars: Monetary Disorder, Interventionism, Socialism, and the Great Depression
  • Bureaucracy, Omnipotent Government, Anti-Capitalistic Mentality, Planned Chaos [Russian]
  • Memoirs (Large Print Edition)
  • Monetary and Economic Policy Problems Before, During, and After the Great War
  • Causes of the Economic Crisis
  • Bureaucracy: The Economist
  • The Ultimate Foundation of Economic Science: An Essay on Method
  • Epistemological Problems of Economics
  • The Free Market and Its Enemies: Pseudo-Science, Socialism, and Inflation
  • Liberty and Property
  • Planned Chaos
  • Nation, State, and Economy: Contributions to the Politics and History of Our Time
  • Interventionism: An Economic Analysis
  • Profit and Loss
  • Human Action, The Scholar’s Edition
  • Marxism Unmasked
  • Omnipotent Government




  • “Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.”
  • “All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”
  • “Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.”
  • “He who is unfit to serve his fellow citizens wants to rule them.”
  • “If history could teach us anything, it would be that private property is inextricably linked with civilization”
  • “Every socialist is a disguised dictator.”
  • “The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.”
  • “Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.”
  • “Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.”
  • “He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.”
  • “Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.”
  • “The average man is both better informed and less corruptible in the decisions he makes as a consumer than as a voter at political elections.”
  • “All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out”