You may say it another way: that the intentions of mass production cannot be realized unless management and labor are both free. So long as that freedom existed in the motorcar industry, the cost of an automobile went lower and lower until it became, pound for pound, the cheapest manufactured thing in the world, not the Ford car only but all cars; and automobile labor at the same time was the highest-paid labor of its kind in the world.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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