Study of the past, it is assumed, discloses the shape of things to come. Any attempt to reverse or even to stop a trend is doomed to failure. Man must submit to the irresistible power of historical destiny. This doctrine is devoid of any logical or experimental verification. Historical trends do not necessarily go on forever, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Floy Lilley.