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The Ludwig von Mises Institute

Tu Ne Cede Malis

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Ludwig von Mises: "It is justifiable if ethics and religion tell people that they ought to make better use of the well-being that capitalism brings them. . . . But it is irresponsible to condemn one social system and to recommend its replacement by another system without having fully investigated the economic consequences of each." - Theory and History


Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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Ludwig von MisesPunishment should not be vindictive or retaliatory. The criminal has incurred the penalties of the law, but not the hate and sadism of the judge, the policemen, and every lynch-thirsty mob.Liberalism p. 58Punishment