Interventionism

"If this mania increases we shall slide into a social order under which everyone has one hand in the pocket of another."

The system of mercantilism needed no high-flown “theory” to get launched.

"Mercantilist 'theory' was a set of rationales designed to uphold or expand particular vested economic interests."

"Fulfilling the doctrine of the 'invisible hand,' the speculator, by his profit-seeking activity, causes more food to be stored during years of plenty than otherwise would have been the case, thereby lessening the effects of the lean years to come."

"Instead of spending time on adapting their product to the desires of consumers, homebuilders are busy adapting their homes to the code. Innovation is the victim."

There are instances in which the methods of genuine credit expansion are used for an utterly different purpose: to allow the government to take adv

"Whenever the central bank inflated itself into financial trouble, the government stood ready to allow it to suspend specie payments."

Collectivism and interventionism emphasize the importance of national boundaries.

The only solution to increasing costs is to eliminate government interference in the market and to allow the price mechanism to work as it should. Consumers who pay out of their own pocket will search for the cheapest solutions to suit their needs, while providers of healthcare will compete, through constant innovation, to drive prices down and discover the most efficacious treatments.

"The modern notion that the acts of a political council have, as such, better moral foundation than the acts of the stock exchange is of course nonsense."