The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Ludwig Von MisesRead
As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.
Interpretation
What this quote means
Good government plays a critical role in fostering economic prosperity by facilitating capital investment.
In this quote, Ludwig Von Mises emphasizes the importance of continuous capital accumulation for a nation's prosperity. He argues that the government should actively work to eliminate barriers to investment, as this directly influences wage rates and overall economic health, highlighting the interplay between capital investment and the well-being of society.
Themes
ProsperityGovernmentCapitalInvestmentEconomyWageBarriers
In practice
Example use cases
In a speech about economic reforms, one might quote Mises to advocate for pro-investment policies.
More from Ludwig Von Mises
All quotes →Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
Ludwig Von MisesRead
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
Ludwig Von MisesRead
The most serious dangers for American freedom and the American way of life do not come from without.
Ludwig Von MisesRead
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
Ludwig Von MisesRead
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
Ludwig Von MisesRead
Similar quotes
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
Barack ObamaRead
Economics is haunted by more fallacies than any other study known to man
Henry HazlittRead
The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods.
Paul DiracRead
The hidden hand of the market will never work without a hidden fist -- McDonald's cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley's technologies is called the United States Army, Air Force, Navy and Marine Corps.
Thomas FriedmanRead
I look under the skin of countries' economies, and I help them make better decisions and be stronger, to prosper and create employment.
Christine LagardeRead
At present we are stealing the future, selling it in the present, and calling it gross domestic product.
Paul HawkenRead