Austrian School Quotes & Sayings

The idea that the government has services or goods that they can pass on is a complete farce. Governments have nothing. They can't create anything, they never have. All they can do is steal from one group and give it to another at the destruction of the principles of freedom, and we ought to challenge that concept. — Ron Paul

Can social progress be made without government?
It's like saying 'can happiness be achieved without the initiation of violence? Can romance be achieved without rape? Can profitability be achieved without theft? Can economic growth be achieved without the mass indebted enslavement and counterfeiting of the federal reserve?'. — Stefan Molyneux

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers. — Ludwig Von Mises

The safest way to make laws respected is to make them respectable. — Frederic Bastiat

Many thinkers have tried to "naturalize" consumerism in that way, including most social Darwinists, Austrian School economists (Ludwig von Mises, Friedrich Hayek, Murray Rothbard), Chicago School economists (George Stigler, Milton Friedman, Gary Becker), Darwinian libertarians, globalization advocates, management gurus, and marketers. Their model (which I call the Wrong Conservative Model, because I think it's wrong, and because it's usually advocated by political conservatives) is: human nature + free markets = consumerist capitalism — Geoffrey Miller

Some economists became obsessed with market efficiency and others with market failure. Generally held to be members of opposite schools-freshwater and saltwater, Chicago and Cambridge, liberal and conservative, Austrian and Keynesian-both sides share an essential economic vision. They see their discipline as successful insofar as it eliminates surprise-insofar, that is, as the inexorable workings of the machine override the initiatives of the human actors. — George Gilder

To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano. — Henry Hazlitt

Here's something I still can't get over. Amazes and thrills me every time. I'm sitting here and want a certain book. So I search, click, and then I have the book. Every time, my heart does a little leap of joy. What a beautiful world the market is making. — Jeffrey Tucker

The military state is the final form to which every planned economy tends rapidly. — Isabel Paterson

Free markets are the real people's revolution. — Jeffrey Tucker

It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost. — Murray N. Rothbard

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation. — Llewellyn Rockwell

In proportion as you give the state power to do things for you, you give it power to do things to you. — Albert Jay Nock

What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current prices represent possible deals in the future. Prices embed vast information about perceived realities: resource availability, consumer demand, cultural biases and habits, speculations about the future. The price is also an amazing tool. It provides an objective basis for accounting and the assessment of profit and loss. Without prices, real prices rooted in real market experience, we'd been lost. — Jeffrey Tucker

No people and no part of a people shall be held against its will in a political association that it does not want. — Ludwig Von Mises

The profit of the one is the profit of the other. — Frederic Bastiat

Freedom is the foundation for all wonderful things in life. — Jeffrey Tucker

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. — Mark Skousen

Government is a gang, but not merely as meritorious as a private gang because it claims legal legitimacy. It pillages and uses violence but under the cover of law, and seeks legitimacy not through competition but through the myth of the social contract. — Jeffrey Tucker

The more consistently Austrian School an economist is, the better a writer he will be. — Murray Rothbard

There's a huge swath of humanity that has developed verbal abilities to extract resources from guilt-ridden people.
They used to be priests, and now they're leftists. — Stefan Molyneux

Moreover, in the system of criminal punishment in the libertarian world, the emphasis would never be, as it is now, on "society's" jailing the criminal; the emphasis would necessarily be on compelling the criminal to make restitution to the victim of his crime. The present system, in which the victim is not recompensed but instead has to pay taxes to support the incarceration of his own attacker - would be evident nonsense in a world that focuses on the defense of property rights and therefore on the victim of crime. — Murray N. Rothbard

The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when actualised in the form of restrictions on profits of others, is selfish to the extent that it imposes asceticism, and indeed deprivations of all sorts, on others. — Friedrich Hayek

I wonder how many such men in America would know that Communism, the New Deal, Fascism, Nazism, are merely so-many trade-names for collectivist Statism, like the trade-names for tooth-pastes which are all exactly alike except for the flavouring. — Albert Jay Nock

He who is unfit to serve his fellow citizens wants to rule them. — Ludwig Von Mises

Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State's inhabitants, or subjects. — Murray N. Rothbard

Trade and money, which go together in a stream of energy, inevitably wash away the enclosing walls of a society of status. — Isabel Paterson

The welfare of a people lies not in casting other peoples down but in peaceful collaboration. — Ludwig Von Mises

The law is guilty of the evils it is supposed to punish. — Frederic Bastiat

I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school- including von Hayek and von Haberler - returned for the occasion. And so my father took a moment to reflect on the economic triumphs of the Austrian Republic since the war, which, he said, "would not have been possible without the contribution of these men." They nodded - briefly - until it dawned on them what he meant. They'd all left the country in the 1930s. — James K. Galbraith

Ultimately, we need to take control over the money supply out of the hands of our governments and make the production of money again subject to the principle of free association. The first step to endorsing and promoting this strategy is to realize that governments do not - indeed cannot - fulfill any positive role whatever through the control of our money. — Jorg Guido Hulsmann

Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people. — Robert Higgs

No man can rightfully be required to join, or support, an association whose protection he does not desire. — Lysander Spooner

Government should never be able to do anything you can't do. If you can't steal from your neighbor, you can't send the government to steal for you. — Ron Paul

The Austrian School came into existence when a bunch of Viennese rent-gouging landlords didn't want rent control on the rents they could gouge out of their tenants in old Vienna, so they hired a bunch of scribblers - and that's the Austrian School. — Webster Tarpley

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys. — Ludwig Von Mises

Have you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times. — Lawrence W. Reed

It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society. — Murray N. Rothbard

In regard to the so-called social contract, I have often had occasion to protest that I haven't even seen the contract, much less been asked to consent to it. A valid contract requires voluntary offer, acceptance, and consideration. I've never received an offer from my rulers, so I certainly have not accepted one; and rather than consideration, I have received nothing but contempt from the rulers, who, notwithstanding the absence of any agreement, have indubitably threatened me with grave harm in the event that I fail to comply with their edicts. — Robert Higgs

It's not an endlessly expanding list of rights - the 'right' to education, the 'right' to health care, the 'right' to food and housing. That's not freedom, that's dependency. Those aren't rights, those are the rations of slavery - hay and a barn for human cattle. — Alexis De Tocqueville

July 4, the day we celebrate giving our political masters independence from conscience, morality, consequences for evil doing, and basic social and economic reality.
The fireworks are the glowing tears of your children's incinerated futures.
Cheer happy slaves - your only chains are your deluded joys. Cheer and sing, because for you, songs of death are easier than questions of life. — Stefan Molyneux