Ludwig von Mises: "If one wants to study the reasons for Europes backwardness, it would be necessary to examine the manifold laws and regulations that prevented in Europe the establishment of an equivalent of the American drug store and crippled the evolution of chain stores, department stores, super markets and kindred outfits." - Planning for Freedom
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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