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Austrian Economics Quotes

Browse 14 quotes about Austrian Economics.

Austrian Economics Quotes

“Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.”

GovernmentEvilFreedomLibertyCapitalismSocialismAnarchyFree MarketCoercionStatismVoluntaryismAncapAnarcho CapitalismAustrian School Of EconomicsRegulationsAustrian Economics
Author:Thomas Sowell
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“What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current prices represent possible deals in the future. Prices embed vast information about perceived realities: resource availability, consumer demand, cultural biases and habits, speculations about the future. The price is also an amazing tool. It provides an objective basis for accounting and the assessment of profit and loss. Without prices, real prices rooted in real market experience, we’d been lost.”

CapitalismEconomicsValueLibertarianAnarchyPriceVoluntaryismAncapAnarcho CapitalismAustrian School Of EconomicsAustrian Economics
Author:Jeffrey Tucker
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“In particular, the State has arrogated to itself a compulsory monopoly over police and military services, the provision of law, judicial decision-making, the mint and the power to create money, unused land ("the public domain"), streets and highways, rivers and coastal waters, and the means of delivering mail...the State relies on control of the levers of propaganda to persuade its subjects to obey or even exalt their rulers.”

GovernmentForceFreedomLibertyViolenceLibertarianSocialismAnarchyTaxationFree MarketGangMonopolyTheftMafiaCollectivismStatismVoluntaryismLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapAustrian Economics
Book:The Ethics of Liberty
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“While liberals are in favor of any sexual activity engaged in by two consenting adults, when these consenting adults engage in trade or exchange, the liberals step in to harass, cripple, restrict, or prohibit that trade. And yet both the consenting sexual activity and the trade are similar expressions of liberty in action.”

GovernmentForceFreedomLibertyViolenceLibertarianSocialismLiberalismAnarchyFree MarketTheftCoercionFree TradeStatismVoluntaryismLaissez FaireInitiationNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapAustrian Economics
Author:Murray N. Rothbard
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“The instant that any government obtains a monetary printing press, it becomes a deeply dishonest government, empowered to rob people by stealth. A government with the power to print money knows no limits.”

GovernmentPoliticsFreedomLibertyViolenceSlaveryLibertarianSocialismAnarchyThievesTaxationFree MarketGangTheftMafiaCollectivismStatismVoluntaryismLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismSubjugationAustrian School Of EconomicsNapAustrian Economics
Author:Jeffrey Tucker
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“The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation.”

FreedomLibertyTradeLibertarianFreePreferenceFree MarketSubjectiveVoluntaryismMarketsLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapAustrian Economics
Author:Ludwig von Mises
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“In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as every restriction of freedom.”

FreedomLibertyCapitalismEconomicsCharityLibertarianSocialismCommunismWelfareFascismTaxationCoercionCollectivismFree TradeStatismLaissez FaireAustrian School Of EconomicsFree MarketsAustrian Economics
Author:Wilhelm Röpke
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