Quotes from the Liberty Archive

✓ Verified in A Critique of Interventionism

From A Critique of Interventionism — surrounding passage

Surely in every science various hypotheses, interpretations, and arguments seek to solve concrete problems. But logic is consistent in every science. It is true also of economics. The Historical-Realistic School itself, which for political reasons disagreed with the traditional and modern theories, proves this point by not substituting its own explanations for the rejected doctrines, but by merely denying the possibility of theoretical knowledge.

“Economic knowledge necessarily leads to liberalism.”

— Ludwig von Mises

On the one hand, it demonstrates that there are only two possibilities for the property problem of a society based on the division of labor: private property or public property in the means of production. The so-called middle of the road of “regulated” property is either illogical, because it does not lead to the intended goal and accomplishes nothing but a disruption of the capitalistic production process, or it must lead to complete socialization of the means of production.

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