Rationality and the Market Economy
"People must fight for something that they want to achieve, not simply reject an evil, however bad it may be."
"People must fight for something that they want to achieve, not simply reject an evil, however bad it may be."
Haiti will remain mired in poverty so long as the majority retains their current hostility to open competition and commerce.
"Mises's desideratum was thus not a 'neutral' money, or even a practical approximation of it; rather, it was the complete elimination of 'human influence' on the purchasing power of money."
When the influx of silver and gold from the Spanish colonies in the New World dried up, little or nothing remained. But that was not all.
"The government can talk about entrepreneurship and act like it is promoting it, but all of what government does by taxing and regulating impedes the entrepreneur."
"Make no mistake, this supposed 'containment' boondoggle was yet another bailout of the world's largest banks. A majority of the PIIGS's debt is held by large French and German banks."
"The risk associated with loan obligations are shifted to the taxpayer. Consequently, the act removes obligation and creates a moral hazard with the creation of a virtual backstop."
"The financial burdens of hegemony are difficult to overestimate. "
"Soon the women who stood in the pallid queues before shops spoke more about their children's hunger than about the death of their husbands."
As the economic aspect of state absolutism, mercantilism was of necessity a system of state-building, of big government, of heavy royal expenditure