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 | It was in the climate created by this capitalistic system of individualism that all the modern intellectual achievements thrived. | The Ultimate Foundation of Economic Science | p. 123 | Freedom of Thought |