Ludwig von Mises: "Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics." - Austrian Economics: An Anthology
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Browse by subject: Kant, Immanuel
|Ludwig von Mises||In his book on Eternal Peace, the German philosopher Immanuel Kant suggested that government should be forbidden to finance wars by borrowing. He expected that the warlike spirit would dwindle if all countries had to pay cash for their wars.||Economic Freedom and Interventionism|| p. 99||Kant, Immanuel