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Ludwig von Mises Quote on Economic Policy and State Intervention

„State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.“

Ludwig von MisesLudwig von Mises criticizes state intervention in the economy and its negative effects on economic life and efficiency.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

A critical view by Ludwig von Mises on the negative effects of state intervention and economic policy.


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Ludwig von Mises quote about economic policy and state intervention

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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7. August 2024
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"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others." Ayn Rand
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Quote by Jesús Huerta de Soto about the power of entrepreneurial freedom and the impact of etatismCopyright © yoice.net – Quote Artwork
19. February 2022
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"We are unable to even conceive of the immeasurable achievements, progress, and discoveries of mankind that would be attainable in an entrepreneurial environment freed from all etatism. The creative power of human nature is such that it can take root and flourish even in the narrowest crevices left by the state. But when people realize the essentially perverse nature of the state that coerces them and perceive the immeasurable possibilities that are taken away from them day after day by blocking the driving force of their entrepreneurial creativity, then social protest will increase. Then there will be calls for reforms, for dismantling the state, and for steps toward a future that we don't even know today, but that will inevitably lift human civilization to previously unimaginable heights." Jesús Huerta de Soto
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Ayn Rand quote about government help for business and national prosperityCopyright © yoice.net – Quote Artwork
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"Government 'help' to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off." Ayn Rand
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Ludwig von Mises quote about economic history and government policiesCopyright © yoice.net – Quote Artwork
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"[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics" Ludwig von Mises
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Quote image featuring Murray Rothbard's perspective on the state and private economyCopyright © yoice.net – Quote Artwork
2. March 2021
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"The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society - far from satisfying the wants of consumers - are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desire by the parasitic bureaucracy and politicians." Murray Rothbard
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Milton Friedman quote about government and the economyCopyright © yoice.net – Quote Artwork
6. July 2020
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"There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do." Milton Friedman
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