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Quote by Hans-Hermann Hoppe

“A government is a territorial monopolist of compulsion-an agency which may engage in continual, institutionalized property rights violations and the expropriation, taxation and regulation-of private property owners.”

Quote by Hans-Hermann Hoppe

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Hans-Hermann Hoppe

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“an official with the U.S. Securities and Exchange Commission learned I was writing about specialization and contacted me to make sure I knew that specialization had played a critical role in the 2008 global financial crisis. “Insurance regulators regulated insurance, bank regulators regulated banks, securities regulators regulated securities, and consumer regulators regulated consumers,” the official told me. “But the provision of credit goes across all those markets. So we specialized products, we specialized regulation, and the question is, ‘Who looks across those markets?’ The specialized approach to regulation missed systemic issues.”

RegulationFinancial CrisisSpecialization
Book:Range: Why Generalists Triumph in a Specialized World
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“I’m a firm a believer in the power of free enterprise to move the world forward. All that Soviet respect for science was no match for the American innovation machine once unleashed. The problem comes when the government is inhibiting innovation with overregulation and short-sighted policy. Trade wars and restrictive immigration regulations will limit America’s ability to attract the best and brightest minds, minds needed for this and every forthcoming Sputnik moment.”

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Book:Deep Thinking: Where Machine Intelligence Ends and Human Creativity Begins
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“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.”

ScienceCapitalismEconomicsBoundariesRegulationFree Markets
Book:23 Things They Don't Tell You About Capitalism
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“To appreciate how income taxation reduces prosperity form what it could be, imagine a 100 percent tax on incomes. We wouldn't expect much prosperity in such a society. People would have no incentive to earn money. They would devote resources to hiding the little they did earn. No investments would be made. No savings would exist to increase living standards. People's activities would be grossly influenced by the tax. If we lower the rate from 100 percent, the principle does not change. . . If you want less of something, tax it.”

LibertyEconomicsLibertarianRegulationIncome Tax
Book:Your Money or Your Life: Why We Must Abolish the Income Tax
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“Markets are voting machines; they function by taking referenda. In the new world money market, for example, currency values are now decided by a constant referendum of thousands of currency traders in hundreds of trading rooms around the globe, all connected to each other by a vast electronic network giving each trader instant access to information about any factor that might affect values. That constant referendum makes it much harder for central banks and governments to manipulate currency values.”

RegulationMarkets
Author:Walter B. Wriston
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“So Eurodollars were in one sense dollars like any other, but in another sense they were different because they had escaped into a market outside government control, where they could behave freely. It’s a bit like taking someone from their family home in the suburbs to a wild part of town and offering them whisky and cocaine. They are the same person but also different – more fun but also more irresponsible.”

FinanceRegulationEurodollars
Book:The Finance Curse: How Global Finance Is Making Us All Poorer
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