Ludwig von Mises: "It is not labor legislation and labor-union pressure that have shortened hours of work and withdrawn married women and children from the factories; it is capitalism, which has made the wage earner so prosperous that he is able to buy more leisure time for himself and his dependents. The nineteenth centurys labor legislation by and large achieved nothing more than to provide a legal ratification for changes which the interplay of market factors had brought about previously." - Human Action
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| Ludwig von Mises | There is no such thing as a nonspeculative investment. In a changing economy action always involves speculation. Investments may be good or bad, but they are always speculative. | Human Action | p. 514; p. 517 | Investment |