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Ludwig von Mises: "Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics." - Austrian Economics: An Anthology


Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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AuthorQuoteSourcePageSubject
Ludwig von MisesA dictum of Lord Keynes: In the long run we are all dead. I do not question the truth of this statement; I even consider it as the only correct declaration of the neo-British Cambridge school.Planning for Freedom p. 7Keynes
Ludwig von MisesIt is the typical policy of aprs nous le dluge. Lord Keynes, the champion of this policy, says: In the long run we are all dead. But unfortunately nearly all of us outlive the short run. We are destined to spend decades paying for the easy money orgy of a few years.Omnipotent Government p. 252Keynes
Ludwig von MisesFor what many people have admiringly called Keynes's brilliance of style and mastery of language were, in fact, cheap rhetorical tricks.Planning for Freedom p. 55Keynes
Ludwig von MisesKeynes did not teach us how to perform the miracle . . . of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.Planning for Freedom p. 71Keynes
Ludwig von MisesWhat he really did was to write an apology for the prevailing policies of governments.Planning for Freedom p. 69Keynes
Ludwig von MisesThe essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.Planning for Freedom p. 207Keynes
Ludwig von MisesThey [Keynesians] blithely assume that the state has unlimited means at its disposal.Planning for Freedom p. 90Keynes
Ludwig von MisesAfter 15 million human beings had perished in the war, the foremost statesmen of the world were assembled to give mankind a new international order and lasting peace . . . and the British Empires financial expert was amused by the rustic style of the French Prime Ministers footwear.Planning for Freedom p. 56Keynes
Ludwig von MisesIn old fashioned language, Keynes proposed cheating the workers.Economic Policy p. 70Keynes
Ludwig von MisesKeynes did not add any new idea to the body of inflationist fallacies, a thousand times refuted by economists… He merely knew how to cloak the plea for inflation and credit expansion in the sophisticated terminology of mathematical economics.Human Action p. 787; p. 793Keynes
Ludwig von MisesThe fallacies implied in the Keynesian full-employment doctrine are, in a new attire, essentially the same errors which [Adam] Smith and [Jean Baptiste] Say long since demolished.The Theory of Money and Credit p. 464Keynes
Ludwig von MisesKeynes did not refute Says Law. He rejected it emotionally, but he did not advance a single tenable argument to invalidate its rationale.Planning for Freedom p. 70Keynes