Ludwig von Mises: "Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit." - Theory and History
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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