Obviously the word [mercantilism] can only be used within strict limitations, but, alien as the conception of a national economy still was to the governments of the late fourteenth and early fifteenth centuries, it is plain from their conduct that they desired to protect the industry and commerce of their subjects against foreign competition, and even, here and there, to introduce new forms of activity into their countries.
"Because of rate busting, society as a whole will move toward greater and greater satisfaction and prosperity."
Money and wealth are distinct, and we should not assume that a fall in the stock indices necessarily means that "that money" has now been transferred someplace else.
"Oil was supposed to disappear by 1900. But the automatic conserving and incentive workings of the price system have repeatedly given the lie to these absurd projections."
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
"Everyone who opposed his views, according to Laffemas, was selfish, ignorant, and/or a traitor, and should be dealt with accordingly. All who disobeyed the regulations and prohibitions should suffer confiscation of their goods as well as death."
Freethought, de Cleyre wrote, was "the right to believe as the evidence, coming in contact with the mind, forces it to believe. This implies the admission of any and all evidence bearing upon any subject."
"In 1943 the Census Bureau divulged data that was used to identify Japanese Americans, who were then confined in concentration camps for the remaining duration of World War II — a fact that was suppressed by the bureau for over 50 years."
"Most of the essays in this book imagine radical new possibilities of living outside the status quo. Or perhaps we should say statist quo…"
If anyone is to take the blame for the current mess in which European countries find themselves, it should not be the bearers of bad news but those who steered the affected economies in the unsustainable direction.
