25 Aug 2011

Drunk with power

"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 laws... In fact, economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."
Ludvig von Mises, Human Action 

No comments:

Post a Comment