Maxioms by Ludwig Von Mises
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
...the only means to well-being is to increase the quantity of products. This is what business aims at.
...the only means to well-being is to increase the quantity of products. This is what business aims at.
The prevailing legal and moral views of a time are held not only by those whom they benefit but by read more
The prevailing legal and moral views of a time are held not only by those whom they benefit but by those, too, who appear to suffer from them. Their domination is expressed in that fact- that the people from whom they claim sacrifice accept them.
Government is beating into submission, imprisoning, and killing...The authority of man-made law is entirely due to weapons of the constables read more
Government is beating into submission, imprisoning, and killing...The authority of man-made law is entirely due to weapons of the constables who enforce obedience to its provisions.
