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Quote by Leonard Read

“The Constitution was definitely and specifically designed to hobble all people who are so foolish as to think themselves capable of leading others by compulsion. It so functions today to an extent exasperating to the authoritarians - which is why they want to get rid of it.”

Quote by Leonard Read

Author

Leonard Read was an influential economist, writer, and thinker who made significant contributions to the theory of free-market economics. His work 'I, Pencil' had a profound impact on the understanding of free-market principles in the mid-20th century. more

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“Coercion is as much the tool of the welfare state as it is of communism. The programs and edicts of both are backed by the police force. All of us know this to be true under communism, but it is equally true under our own brand of welfare statism.”

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“When our people were fed out of the common store, and laboured jointly together, glad was he could slip from his labour, or slumber over his taske he cared not how, nay, the most honest among them would hardly take so much true paines in a weeke, as now for themselves they will doe in a day: neither cared they for the increase, presuming that howsoever the harvest prospered, the generall store must maintaine them, so that wee reaped not so much Corne from the labours of thirtie, as now three or foure doe provide for themselves.”

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“In the free market, a man born into wealth or who has otherwise acquired great riches can lose his fortune depending on how he chooses to behave. Conversely, a man born into poverty or who has lost wealth once obtained can acquire a fortune, depending, again, on how he chooses to behave.”

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“Politicians and bureaucrats are substituting their uninformed, largely political decisions for those of the marketplace. Their past miscalculations demonstrate that they do not and cannot possess the information, knowledge, means, and discipline to manage the economy.”

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