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||There are in this world no such things as stability and security and no human endeavors are powerful enough to bring them about. There is in the social system of the market society no other means of acquiring wealth and of preserving it than successful service to the consumers.||Human Action|| p. 227; p. 226||Security
|Ludwig von Mises||Ultimately the granting of pensions amounts to a restriction of the wage earners freedom to use his total income according to his own designs.||Planning for Freedom|| p. 86||Social Security
|Ludwig von Mises||A man who is forced to provide of his own account for his old age must save a part of his income or take out an insurance policy... Such a man is more likely to get an idea of the economic problems of his country than a man whom a pension scheme seemingly relieves of all worries.||Planning for Freedom|| p. 92||Social Security
|Ludwig von Mises||Whether such a system of social security is a good or a bad policy is essentially a political problem. One may try to justify it by declaring that the wage earners lack the insight and the moral strength to provide spontaneously for their own future. But then it is not easy to silence the voices of those who ask whether it is not paradoxical to entrust the nation's welfare to the decisions of voters whom the law itself considers incapable of managing their own affairs; whether it is not absurd to make those people supreme in the conduct of government who are manifestly in need of a guardian to prevent them from spending their own income foolishly.||Human Action|| p. 613; p. 617||Social Security
|Ludwig von Mises||It is no accident that Germany, the country that inaugurated the social security system, was the cradle of both varieties of modern disparagement of democracy, the Marxian as well as the non-Marxian.||Human Action|| p. 613; p. 617||Social Security
|Ludwig von Mises||By weakening or completely destroying the will to be well and able to work, social insurance creates illness and inability to work; it produces the habit of complaining... it is an institution which tends to encourage disease, not to say accidents, and to intensify considerably the physical and psychic results of accidents and illnesses. As a social institution it makes a people sick bodily and mentally or at least helps to multiply, lengthen, and intensify disease.||Socialism|| p. 432||Social Security