The public firm can nowhere maintain itself in free competition with the private firm; it is possible today … - Ludwig von Mises

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Waiting makes wine better; but waiting makes man decay! Don't wait because you have no time! Move fast!

Ludwig von Mises

The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.

Competition, Excludes, Lesser, Libertarian, Today

Same Author Quotes

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

Blessing, Garden, Men, Subordinate, System, Yearn

The worst evils which mankind has ever had to endure were inflicted by bad governments.

Endure, Evils, Government, Inflicted, Peace, War

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

Execution, May, Methods, Poverty, Profit, Transform

He who serves the public best, makes the highest profits.

Highest, Profit, Profits, Public, Serves

The real bosses, in the capitalist system of market economy, are the consumers.

Boss, Capitalist, Consumers, Economy, Real

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