“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.” IfsGivingSchoolSoundMoneyEconomicsCurrentsReformCyclesCheerReservesReplacedEconomistBankingInflationCentral BanksBailouts Author:Llewellyn Rockwell
“The most absurd public opinion polls are those on taxes. Now, if there is one thing we know about taxes, it is that people do not want to pay them. If they wanted to pay them, there would be no need for taxes. People would gladly figure out how much of their money that the government deserves and send it in. And yet we routinely hear about opinion polls that reveal that the public likes the tax level as it is and might even like it higher. Next they will tell us that the public thinks the crime rate is too low, or that the American people would really like to be in more auto accidents.” PeopleIfsThinkingKnowsWantNeedsGovernmentMightWould BeWantedNextLevelsPayOpinionOne ThingCrimeFiguresHigherTaxesLowsDeserveRateAccidentsLikesAbsurdPublic OpinionPollsCrime RatesOpinion Polls Author:Llewellyn Rockwell
“The larger the government, the more our livings standards are reduced. We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year - not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being.” IfsYearsWellsWholeGovernmentWould BeGrowthTermCasesProgressEconomicCivilizationSmartStandardsDumbWell BeingFortunateEnterpriseAttributesRelativeFree Enterprise Author:Llewellyn Rockwell
“If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.” IfsLongGovernmentEarthHeavenPathMankindProsperityCreditSpendingLong AgoExpansionHeaven On EarthGovernment SpendingProtectionism Author:Llewellyn Rockwell
“Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.” IfsKnowsLosingResourcesSavingMaking MoneyRight ThingGoodsAccountingDoing The Right ThingSaving MoneyLosing Money Author:Llewellyn Rockwell
“The people and the warmakers are two distinct groups. We must never say 'we' when discussing the US government's foreign policy. For one thing, the warmakers do not care about the opinions of the majority of Americans. It is silly and embarrassing for Americans to speak of 'we' when discussing their government's foreign policy, as if their input were necessary to or desired by those who make war.” PeopleIfsTwoWarGovernmentCareSpeakOpinionOne ThingGroupsPolicyMajoritySillyForeign PolicyEmbarrassingDiscussingInput Author:Llewellyn Rockwell
“It's not as if socialism is a new idea. It was tried in the 20th century. It produced economic stagnation and despair. In its purest form, it extinguished more than one hundred million people.” PeopleIfsIdeasFormMillionsEconomicCenturyDespairHundredSocialismNew Ideas20th CenturyStagnation Author:Llewellyn Rockwell
“The leviathan state, that monster devouring civilization in this century, is in the throes of death. This is not a wish or a prediction, but a conclusion drawn from a broad look at the trends of the last decade and a half, which, if we take the right steps, can continue on into the next century. What has happened around the world - nations states collapsing, markets outwitting planners, citizens rising up against government masters - can and is happening here at home.” IfsWorldLooksStatesHomeGovernmentLastsNextNationsWishHalfLibertyStepsHappenedCenturyMastersCitizensCivilizationHappeningsLibertarianDecadesMonstersConclusionAround The WorldRisingBroadsTrendsLibertarianismPredictionsPlannersDevouringRising UpLeviathanOutwitting Author:Llewellyn Rockwell
“If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.” PeopleIfsBelievePhilosophyPoliticalResultsResourcesEconomicsPlanningProducersConsumersScarceCentral PlanningScarce Resources Book:Fascism versus Capitalism Source: Fascism versus Capitalism
“It isn't a coincidence that governments everywhere want to educate children. Government education, in turn, is supposed to be evidence of the state's goodness and its concern for our well-being. The real explanation is less flattering. If the government's propaganda can take root as children grow up, those kids will be no threat to the state apparatus. They'll fasten the chains to their own ankles. H.L. Mencken once said that the state doesn't just want to make you obey. It tries to make you want to obey. And that's one thing the government schools do very well.” IfsWantTryingWellsChildrenSaidRealStatesGovernmentKidsSchoolTurnsGrowsGrowing UpOne ThingGoodnessEvidenceConcernRootsThreatLibertarianChainsSupposed To BeWell BeingPropagandaExplanationEducateCoincidenceFlatteringAnklesGovernment Education Author:Llewellyn Rockwell
