Changes in human conditions are brought about by the pioneering of the most clever and most energetic men. They take the lead and the rest of mankind follows them little by little. The innovation is first a luxury of only a few people, until by degrees it comes into the reach of the many.
The tycoon of the book market is the author of fiction for the masses.
The riches of the rich are not the cause of the poverty of anybody. The process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples’ want satisfaction.
On the the social characteristics of capitalism and the psychological causes of Its vilification.
He who expects a rational economic system from socialism will be forced to re-examine his views.
The exclusion of free initiative and individual responsibility, on which the successes of private enterprise depend, constitutes the most serious menace to socialist economic organization.
Is there no way in which some kind of economic calculation might be tied up with a socialist system?
Socialism is the abolition of rational economy. There is only groping in the dark.
In the cloud-cuckoo lands of socialist fancy, roast pigeons will fly into the mouths of the comrades,with no realistic explanation of how this miracle is to take place.
In fact, relying on the government to tell us the truth about inflation is a bit like asking high school students to grade their own report cards.
Government cannot make trade more fair by making it less free.
The Biden Administration has decided to extend Trump’s mercantilist trade policies. Hostility to free trade Is now officially bipartisan.
“Although commercial bankers often err in deciding who to lend to, I believe they are far less likely to do so than a body of government-appointed bureaucrats.” – George Selgin
Why are there still wild blueberries in the fields held in common?
“As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.” – Ludwig Von Mises
Today’s politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies …
The optimal price government should pay for medical care, including prescription drugs, is $0.00.
If we want to build economies back for continual growth and prosperity, we need the government to unchain businesses and set them free to produce again.
The gold standard wasn’t suspended because it caused the Great Depression or bank failures, nor did it disappear in 1971 because it “didn’t work.” It’s been gone because fiscal alchemists couldn’t expand the gold supply as they expanded government.
Business leaders and owners who think they can create profits regardless of the social system are evading facts. Profit maximization cannot be sustained in socialism or any other freedom-killing statist system toward which America seems headed today.
Man’s nature makes him need wealth; his simplest perceptions make him desire it; the problem, they held, is to produce it. Economic theory, therefore, could take for granted the desire to consume, and focus on the ways and means by which production might be increased.
George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Biden’s latest executive order provides a modern illustration of “newspeak” in the 21st century.
The only real monopoly is the government itself or a business given a special privilege by the government.
A company that turned its ESG report into an opportunity to proudly defend its industry and itself.
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