History does not provide any example of capital accumulation brought about by a government. As far as governments … - Ludwig von Mises

Same topic Authors

Quote of the day

Being a comedian, people tell me stuff they shouldn't tell their therapist.

Ludwig von Mises

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

Doe, Example, Government, Governments, Provide

Same Author Quotes

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

Blessing, Garden, Men, Subordinate, System, Yearn

The worst evils which mankind has ever had to endure were inflicted by bad governments.

Endure, Evils, Government, Inflicted, Peace, War

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

Execution, May, Methods, Poverty, Profit, Transform

He who serves the public best, makes the highest profits.

Highest, Profit, Profits, Public, Serves

The real bosses, in the capitalist system of market economy, are the consumers.

Boss, Capitalist, Consumers, Economy, Real