Ludwig von Mises Quotes
The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.
von Mises, Ludwig. Human Action: A Treatise on Economics. Yale University Press, 1949, p. 844.
What makes this a noteworthy political quotation is that when he made the statement, his party had lurched to the radical right and almost no one else in the Republican party would publicly say that the Federal Government had any legitimate role that involved social services, food distribution, welfare or health care. Also the Republican Presidential candidate the day before had been discovered writing off the poorest 43 percent of the country. Heller however, was up for reelection in a state what was hit much harder than most in the Great Recession and without Federal Assistance many state residents would be in terrible circumstances and Heller would not fare well in the election if he took the then required Republican ideology. Also, Heller came from a blue collar family and had a much different outlook than most Republicans of that particular time.
It was finally passed and signed into law on August 22, 1996
Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.
