✓ Verified in The Quotable Mises
From The Quotable Mises — surrounding passage
Bureaucracy , p. 121 Democracy too is not divine. Omnipotent Government , p. 47 Majorities are no less exposed to error and frustration than kings and dictators. That a fact is deemed true by the majority does not prove its truth. That a policy is deemed expedient by the majority does not prove its expediency. The individuals who form the majority are not gods, and their joint conclusions are not necessarily godlike. Omnipotent Government , p. 47
“People can today seek salvation only in democracy, in the right of self-determination both of individuals and of nations.”
Nation, State, and Economy , p.