“Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” PartyLibertyEconomicTaxesGainsAssumingDebtSpendingLibertarianTendenciesFixedExpensesLibertarianismPieFree MarketProperty RightsFallacyWealth Of Nations Book:Free to Choose: A Personal Statement Source: Free to Choose: A Personal Statement
“The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining what the world would be like if everyone's behavior was utterly consistent with some abstract moral ideal-in this case, economic theories that assume all human action is based on calculating, systematic, (but scrupulously law-abiding), greed.” IfsWorldHumansDreamWould BeActionLawForceMoralCasesFantasyImpossibleEconomicTheoryBehaviorIdealsAssumingNotionGreedLibertarianAbstractConsistentAbidingSystematicUtopianCalculatingHuman ActionsEconomic TheoryImpossible Dream Author:David Graeber
“Libertarians have always battled the age-old scourge of war. They understood that war brought death and destruction on a grand scale, disrupted family and economic life, and put more power in the hands of the ruling class - which might explain why the rulers did not always share the popular sentiment for peace. Free men and women, of course, have often had to defend their own societies against foreign threats; but throughout history, war has usually been the common enemy of peaceful, productive people on all sides of the conflict.” PeopleMenWarHandsMightAgeCoursesSidesCommonEnemyClassShareEconomicConflictUnderstoodMen And WomenDestructionThreatLibertarianScalesPeacefulProductiveSentimentsRulersRulingFree ManScourgeCommon Enemy Book:The Libertarian Mind: A Manifesto for Freedom Source: The Libertarian Mind: A Manifesto for Freedom
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” KnowsMenLittlesLibertyImagineEconomicDesignEconomicsTasksLibertarianCuriousEconomistCentral PlanningMixed Economy Author:Friedrich August von Hayek
“Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.” KnowsEndsHandsIndividualInterestLibertyCasesKnow HowEconomicGainsEconomicsLaborIntentionLibertarianInvisibleLibertarianismRevenueFree MarketPromotingAnnualsIndividual LibertyPublic InterestGreat LibertarianInvisible HandWealth Of Nations Author:Adam Smith
“I became very much, if I have to describe myself, I'm sort of a Libertarian Capitalist, and I was looking for, what's the economic engine that's going to drive us into space?” IfsSpaceEconomicLibertarianEnginesCapitalistDescribe Myself Author:Peter Diamandis