It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
2/
If I had asked people what they wanted, they would have said faster horses.
3/
There is one rule for the industrialist and that is: make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
4/
It is not the employer who pays the wages.
Employers only handle the money.
It is the customer who pays the wages.
5/
Anyone who stops learning is old, whether at twenty or eighty.
Anyone who keeps learning stays young.
6/
Failure is simply the opportunity to begin again, this time more intelligently.
7/
There is no disgrace in honest failure; there is disgrace in fearing to fail.
8/
The whole secret of a successful life is to find out what is one's destiny to do, and then do it.
9/
Most people spend more time and energy going around problems than in trying to solve them.
10/
Nothing is particularly hard if you divide it into small jobs.
11/
The only real mistake is the one from which we learn nothing.
12/
Thinking is the hardest work there is, which is probably the reason so few engage in it.
13/
There is no man living who isn't capable of doing more than he thinks he can do.
14/
Quality means doing it right when no one is looking.
15/
You can't learn in school what the world is going to do next year.
16/
I invented nothing new.
I simply assembled the discoveries of other men behind whom were centuries of work.
Had I worked fifty or ten or even five years before, I would have failed.
So it is with every new thing...
...Progress happens when all the factors that make for it are ready, and then it is inevitable.
17/
Money doesn't make us anyway it just unmasks us.
18/
Genius is seldom recognized for what it is: a great capacity for hard work.
19/
To see a thing clearly in the mind makes it begin to take form.
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A THREAD on insightful timeless ideas by Ludwig von Mises:
1/
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
2/
Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
3/
Under capitalism, the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people.
But, of course, these motorcars, television sets and refrigerators do not make a man happy...