Savings

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

The Anti-Capitalistic Mentality, p. 84

Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.

The Anti-Capitalistic Mentality, p. 84

At the outset of every step forward on the road to a more plentiful existence is saving—the provisionment of products that makes it possible to prolong the average period of time elapsing between the beginning of the production process and its turning out of a product ready for use and consumption. . . . Without saving and capital accumulation there could not be any striving toward nonmaterial ends.

Human Action, No Entry; p. 260

The most ingenious technological inventions would be practically useless if the capital goods required for their utilization had not been accumulated by saving.

The Anti-Capitalistic Mentality, p. 39

We are the lucky heirs of our fathers and forefathers whose saving has accumulated the capital goods with the aid of which we are working today. We favorite children of the age of electricity still derive advantage from the original saving of the primitive fishermen who, in producing the first nets and canoes, devoted a part of their working time to provision for a remoter future.

Human Action, p. 489; p. 492