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 | Money, Method, and the Market Process, p. 282 | Human Action | p. 95; p. 95 | planned economy |