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Mises and Rothbard
@misesandrothbard
57
An account to honor two of the greatest economists to ever live.
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2018-05-21 13:23
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Wallet
misesandrothbard
economics
8y
My Take on Socialism is this...
“My take on socialism is this: Socialism only seems to work when you don't fully implement it, when you keep enough capitalism around to pay socialism's bills, at least for a time. It's the difference
$ 2.214
9
misesandrothbard
economics
8y
The Philosophy Underlying The System Of Progressive Taxation...
“The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that
$ 0.040
2
1
misesandrothbard
economics
8y
Falling Prices Through Increased Production...
“Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.” -Murray Rothbard
misesandrothbard
economics
8y
When The Central Bank Lowers Interest Rates...
“When the central bank lowers interest rates below what they would have reached on the market, it sets in motion a series of responses by investors and consumers that will prove to be incompatible.” -Mark
misesandrothbard
economics
8y
A Society That Chooses Between Capitalism And Socialism...
“A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative
misesandrothbard
economics
8y
Putting Asides The Concerns About The Intentions...
“Putting aside the concerns about the intentions of the rulers and the incentives for the workers, socialism cannot work because the central planner(s) would lack market prices and hence would have no
misesandrothbard
economics
8y
I Define Anarchist Society As One Where There Is No Legal Possibility...
“I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual. Anarchists oppose the State because it has its very being
misesandrothbard
economics
8y
The State Then Uses This Monopoly...
“The State then uses this monopoly to wield power over the inhabitants of the area and to enjoy the material fruits of that power.” -Thomas E. Woods, Jr.
misesandrothbard
economics
8y
There Is No Means Of Avoiding The Final Collapse...
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further
misesandrothbard
economics
8y
The Best Way To Help The Poor Is To...
“The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.” -Murray Rothbard
misesandrothbard
economics
8y
You Don't Drive An Economy By Consuming...
“You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.” -Peter Schiff
misesandrothbard
economics
8y
Capitalism Needs Neither Propaganda Nor Apostles.
“Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.” -Ludwig von Mises
misesandrothbard
economics
8y
The 'Private Sector' Of The Economy Is...
“The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.” -Henry Hazlitt
misesandrothbard
economics
8y
If A Man Has The Right To Self-ownership...
“If a man has the right to self-ownership, to the control of his life, then in the real world he must also have the right to sustain his life by grappling with and transforming resources; he must be able
misesandrothbard
economics
8y
Protectionism Is A Misnomer
“Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with
misesandrothbard
economics
8y
If One Rejects Laissez Faire...
“If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.” -Ludwig von Mises
misesandrothbard
economics
8y
It Is Curious That People Tend To Regard Government...
“It is curious that people tend to regard government as a quasi-divine, selfless, Santa Claus organization. Government was constructed neither for ability nor for the exercise of loving care; government
misesandrothbard
economics
8y
Egalitarianism...
“Egalitarianism, in every form and shape, is incompatible with the idea of private property.” -Hans-Hermann Hoppe
misesandrothbard
economics
8y
Government Is Essentially...
“Government is essentially the negation of liberty.” -Ludwig von Mises
misesandrothbard
economics
8y
Fascism Is The Stage Reached...
“Fascism is the stage reached after communism has proved an illusion.” -Frederich Hayek
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