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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|Ludwig von Mises||The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.||The Anti-Capitalistic Mentality|| p. 84||Savings
|Ludwig von Mises||Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.||The Anti-Capitalistic Mentality|| p. 84||Savings
|Ludwig von Mises||The most ingenious technological inventions would be practically useless if the capital goods required for their utilization had not been accumulated by saving.||The Anti-Capitalistic Mentality|| p. 39||Savings