Ludwig von Mises: "It would be a serious blunder to neglect the fact that inflation also generates forces which tend toward capital consumption. One of its consequences is that it falsifies economic calculation and accounting. It produces the phenomenon of illusory or apparent profits." - Human Action
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Browse by subject: Laissez Faire
| Ludwig von Mises | If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action. | Planning for Freedom | p. 44 | Laissez Faire |
| Ludwig von Mises | Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce. | Planning for Freedom | p. 45 | Laissez Faire |
| Ludwig von Mises | Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator. | Human Action | p. 727; p. 732 | Laissez Faire |
| Ludwig von Mises | Laissez faire, laissez passer does not mean: let the evils last. On the contrary, it means: do not interfere with the operation of the market because such interference must necessarily restrict output and make people poorer. | Omnipotent Government | p. x | Laissez Faire |
| Ludwig von Mises | What transformed the world of horse-drawn carriages, sailing ships, and windmills step by step into a world of airplanes and electronics was the laissez-faire principle. | The Ultimate Foundation of Economic Science | p. 127 | Laissez Faire |
| Ludwig von Mises | The greatness of the nineteenth century consisted in the fact that to some extent the ideas of Classical economics became the dominant philosophy of state and society. | The Historical Setting of the Austrian School | p. 44 | Laissez Faire |