Quotessence
Home / Quotes / Quote by Llewellyn Rockwell

Quote by 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.”

Quote by Llewellyn Rockwell

Author

Llewellyn Rockwell
Llewellyn Rockwell

Llewellyn Rockwell, born on July 1, 1944, is a renowned author known for his work in the fields of libertarianism and classical liberalism, which has had a profound impact on contemporary politics and society. more

You May Also Like

“People who believe in 'universal health care' show remarkably little interest - usually none - in finding out what that phrase turns out to mean in practice, in those countries where it already exists, such as Britain, Sweden or Canada. For one thing, 'universal health care' in these countries means months of waiting for surgery that Americans get in a matter of weeks or even days.”

“The more the state gives to its citizens, the less they have to earn. That is the basic concept of the welfare state - you receive almost everything you need without having to earn any of it. About half of Americans now pay no federal income tax - but they receive all government benefits just as if they had paid for, i.e., earned them.”

“Obama does not believe in individual upward mobility. He would penalize it, tax it, regulate it, inveigh against it and disincentivize it. We will be like salmon swimming upstream to mate. We will overcome the currents, the waterfall, the rocks and the predators, and will grapple our way up the stream. Then, at the top of the waterfall will stand Obama the Bear, waiting to scoop us up and have us for dinner. The taxman cometh.”

“For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.”