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Government Quotes

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Government Quotes

“Our rulers will best promote the improvement of the nation by strictly confining themselves to their own legitimate duties, by leaving capital to find its most lucrative course, commodities their fair price, industry and intelligence their natural reward, idleness and folly their natural punishment, by maintaining peace, by defending property, by diminishing the price of law, and by observing strict economy in every department of the state. Let the Government do this: the People will assuredly do the rest.”

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

States Government Political Certain Results Money Existence Power Economic Products Authority Economics Independent Invention Commodity Legislation Sanctions

Author:Carl Menger

“If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”

Source: The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe

“Permission from the government is an expensive commodity. New ideas rarely have this kind of support. Old ideas often have deep legislative connections to defend them against the new.”

Kind Ideas Government Support Connections Expensive New Ideas Permission Commodity Old Ideas

Book:The Future of Ideas: The Fate of the Commons in a Connected World

Source: The Future of Ideas: The Fate of the Commons in a Connected World