A Quote by Ludwig von Mises
The market system is the basis of our civilization. Its only alternative is the Führer principle.
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That sacred space of conscience where you can exercise your rights in terms of religious freedom and deeply-held, reasonable beliefs is the core of human dignity. In fact, that's the basis for civilization itself. And when you lose that fundamental principle... you have no basis on which to build.
The alternative to the market process is government control, and we know where that principle leads.
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that's a principle that we've gotta hold to as well. But what I don't wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
There is an alternative. It's an old alternative. It's not for everybody. It's only for people who are smart, limited market. It's enlightenment.
We call our intuition our sixth sense, but in reality it would be called our first sense, because it's rooted in quantum nature of reality. It was around long before our solar system and our planetary system were even formulated or even organized. It is at the basis of how our normal sensing works. So instead of being our sixth sense or even â€" using the parapsychological term â€" "extrasensory perception," it's not. It's at the basis of our perception, and that's the quantum world.
Private property and the market system are good not only to promote innovation and to promote growth; private property and the market system are good for our personal freedom.
The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.
If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent.
If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary requisite of civilization and material well-being. All civilizations have up to now been based on private property. Only nations committed to the principle of private property have risen above penury and produced science, art, and literature. There is no experience to show that any other social system could provide mankind with any of the achievements of civilization.
Commonwealth is the only alternative for Puerto Rico. It is the only alternative that harmonizes the aspirations and goals of the modern world by protecting Puerto Rico's identity and simultaneously guaranteeing its relationship with the United States, complete with a common market, common citizenship, common defense, and common currency.
Prosperity is an essential partner in civilization itself. It is the basis of leisure, charity, and a hopeful outlook on life. It is the means for conquering poverty at the lowest rung of society, the basis on which children and the elderly are cared for, the foundation for the cultivation of arts and learning. Crush an economy and you crush civilization.
I loved my career at Goldman Sachs. I believed in business principle number 1: if the client succeeds, our own success will follow. This principle formed the basis for my career and my leadership style.
This is another lie. We are only seeking Man. We have no need of other worlds. A single world, our own, suffices us; but we can't accept it for what it is. We are searching for an ideal image of our own world: we go in quest of a planet, a civilization superior to our own but developed on the basis of a prototype of our primeval past.
Our sense of the free market is variable, shifting from a more welfare-oriented model after the Great Depression to a capital-driven market after the collapse of socialism as a viable alternative.
Every system tries to get people to conform to support that system. That goes for communism, socialism, free enterprise, or any other civilization. If they don't demand loyalty, they can't keep their civilization together. So what they do is they teach things that would support an established system. We do not advocate an established system. TVP talks of an emergent system into state of change. So that we always prepare people for the next changes coming ahead. So that people will not cling to the past.
From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant decentralization because knowledge is not concentrated anywhere. It's based on motivation, and so these are the advantages of, say, the cautious case for capitalism, that the market system is efficient.
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