From The Quotable Mises — surrounding passage

“Ultimately the granting of pensions amounts to a restriction of the wage earner’s freedom to use his total income according to his own designs.”

Planning for Freedom , p. 86 A man who is forced to provide of his own account for his old age must save a part of his income or take out an insurance policy. This leads him to examine the financial status of the savings bank or the insurance company or the soundness of the bonds he buys. Such a man is more likely to get an idea of the economic problems of his country than a man whom a pension scheme seemingly relieves of all worries. Planning for Freedom , p.