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
In the 1930s, unemployed working people could anticipate that their jobs would come back.
Noam ChomskyRead
One-sided national economic triumphs cannot be achieved in the increasingly interwoven global economy without precipitating calamitous consequences for everyone.
Zbigniew BrzezinskiRead
On the market, all is harmony. But as soon as intervention appears and is established, conflict is created, for each may participate in a scramble to be a net gainer rather than a net loser - to be part of the invading team instead of one of the victims.
Murray RothbardRead
Some degree of inequality in income and wealth, of course, would occur even with completely equal opportunity because variations in effort, skill, and luck will produce variations in outcomes.
Janet YellenRead
If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.
Elizabeth WarrenRead
That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.
Daniel HannanRead