Ludwig von Mises: "Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics." - Austrian Economics: An Anthology
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|Ludwig von Mises||Experience is a mental act on the part of thinking and acting men.||The Ultimate Foundation of Economic Science|| p. 15||Experience
|Ludwig von Mises||Experience tells us something we did not know before and could not learn but for having had the experience.||The Ultimate Foundation of Economic Science|| p. 18||Experience
|Ludwig von Mises||New experience can force us to discard or modify inferences we have drawn from previous experience.||Epistemological Problems of Economics|| p. 27||Experience