Tag: Ludwig von Mises

Mises Knew the True Meaning of Liberalism

Many economists have written on the topic of liberalism, but few have explained it as poetically as the great Ludwig von Mises.


Democracy guarantees a system of government in accordance with the wishes and plans of the majority. But it cannot prevent majorities from falling victim to erroneous ideas and from adopting inappropriate policies which not only fail to realize the ends aimed at but result in disaster.

Goal of Liberalism

The goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too.

The capitalist system of production is an economic democracy in which every penny gives a right to vote.

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