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Quotation of the Day…

… is from pages 64-65 of the 2006 Liberty Fund edition of Ludwig von Mises’s 1956 volume, The Anti-Capitalistic Mentality:

The vain arrogance of the literati and the Bohemian artists dismisses the activities of the businessmen as unintellectual moneymaking.  The truth is that the entrepreneurs and promoters display more intellectual faculties and intuition than the average writer and painter.  The inferiority of many self-styled intellectuals manifests itself precisely in the fact that they fail to recognize what capacity and reasoning power are required to develop and to operate successfully a business enterprise.


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