Think Freely Media presents Common Sense with Paul Jacob

Eugen von Böhm-Bawerk

[T]hrift is never popular. . . . If parliaments have historically been the guardians of thrift, they now have turned much rather into its sworn enemies. Nowadays, the political and national parties — maybe not exclusively in our own country, but certainly also here — tend to develop a certain covetousness, almost considered to be dutiful, for all kinds of benefits for their own electorate at the expense of the general public.

Eugen von Böhm-Bawerk, as quoted by Ludwig von Mises, “The Economist Eugen von Böhm-Bawerk” (Neue Freie Presse, Vienna, August 27, 1924) — described by Mises as “the last words that Böhm-Bawerk addressed to Austria’s financial authorities.”

By: Redactor

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2018 Common Sense with Paul Jacob, All Rights Reserved. Back to top