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Quote by Sheldon Richman

“Government interference with the economic process represents a substitution of political for consumer objectives.”

Quote by Sheldon Richman

Author

Sheldon Richman
Sheldon Richman

Sheldon Richman is a writer whose works primarily focus on libertarianism, classical liberalism, and economics. His specific life and contributions are not detailed due to limited information. more

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“Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems - the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.”

“We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.”