No One Is Above The Laws and Logic of Nature

The issue has been obfuscated by the endeavors of governments and powerful pressure groups to disparage economics and to defame the economists. Princes 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. Are they not the supreme legislators? Don’t they have the power to crush every opponent? No war lord is prone to acknowledge any limits other than those imposed on him by a superior armed force. Servile scribblers are always ready to foster such complacency by expounding the appropriate doctrines. They call their garbled presumptions “historical economics.” In fact, economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics. - Ludwig von Mises; Human Action, p 67

(Secondary Note: The Robert Murphy & Politically Incorrect books blog entry has been updated.)