Ludwig von Mises: "When pushed hard by economists, some welfare propagandists and socialists admit that impairment of the average standard of living can only be avoided by the maintenance of capital already accumulated and that economic improvement depends on accumulation of additional capital." - Human Action
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| Ludwig von Mises | Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort. | Bureaucracy | p. 121 | Democracy |
| Ludwig von Mises | Democracy too is not divine. | Omnipotent Government | p. 47 | Democracy |
| Ludwig von Mises | Majorities are no less exposed to error and frustration than kings and dictators. That a fact is deemed true by the majority does not prove its truth. | Omnipotent Government | p. 47 | Democracy |
| Ludwig von Mises | People can today seek salvation only in democracy, in the right of self-determination both of individuals and of nations. | Nation, State, and Economy | p. 131 | Democracy |