Ludwig von Mises: "Every grant of credit is a speculative entrepreneurial venture, the success or failure of which is uncertain." - Human Action
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| Ludwig von Mises | Seen from the formalistic viewpoint of constitutional law, the United States and the Swiss Confederation may doubtless still be classified as federations, but in actual fact they are moving more and more toward centralization. | Omnipotent Government | p. 268 | Federalism |