A Quote by Ludwig von Mises
As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.
Related Quotes
Building on the public's unwillingness to act on principle in support of market solutions to apparent problems, whether real or imagined, these interest groups secure arbitrary restrictions on voluntary exchanges and, in the process, secure rents for their members while reducing both the liberties and economic well being of other members of the economic nexus, both domestically and internationally.
Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other
Churchmen are quick to defend religious freedom; lawyers were never so universally aroused as by President Roosevelt's Court bill; newspapers are most alert to civil liberties when there is a hint of press censorship in the air. And educators become perturbed at every effort to curb academic freedom. But too seldom do all of these become militant when ostensibly the rights of only one group are threatened. They do not always react to the truism that when the rights of any individual or group are chipped away, the freedom of all erodes.
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Economic activity, especially the activity of a market economy, cannot be conducted in an institutional, juridical or political vacuum. On the contrary, it presupposes sure guarantees of individual freedom and private property, as well as a stable currency and efficient public services.
Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.
FREEDOM CANNOT BE LICENSED, liberties cannot be regulated and rights cannot be granted. History teaches us that when the rights and liberties of a free people have restrictions upon them, they cease to be freedoms and rights. Instead, the government becomes like a king, bestowing privileges upon the chosen few and servitude upon everyone else.
Angela Davis's legacy as a freedom fighter made her an enemy of the state under the increasingly neoliberal regimes of Nixon, Reagan and J. Edgar Hoover because she understood that the struggle for freedom was not only a struggle for political and individual rights but also for economic rights.
Civil Rights: What black folks are given in the U.S. on the installment plan, as in civil-rights bills. Not to be confused with human rights, which are the dignity, stature, humanity, respect, and freedom belonging to all people by right of their birth.
Political democracy cannot flourish under all economic conditions. Democracy requires an economic system which supports the political ideals of liberty and equality for all. Men cannot exercise freedom in the political sphere when they are deprived of it in the economic sphere.
The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.
The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.
The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialist promise us, and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be the freedom of economic activity which, with the right of choice, inevitably also carries the risk and the responsibility of that right
Political freedom cannot exist without economic freedom; a free mind and a free market are corollaries.
The foundations of liberty are private property and the rule of law; this system guarantees the fewest possible forms of injustice, produces the greatest material and cultural progress, most effectively stems violence and provides the greatest respect for human rights. According to this concept of liberalism, freedom is a single, unified concept. Political and economic liberties are as inseparable as the two sides of a medal.
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
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