But, actually, it is only Americans who say that our freedoms and prosperity are the reason foreigners hate us. If you ask the foreigners, they make it clear that it's America's bullying foreign policy they detest. —Harry Browne
But, actually, it is only Americans who say that our freedoms and prosperity are the reason foreigners hate us. If you ask the foreigners, they make it clear that it’s America’s bullying foreign policy they detest. —Harry Browne
While rising prices are likely to reflect changes in supply and demand, people ignorant of economics may attribute price rises to greed. —Thomas Sowell
While rising prices are likely to reflect changes in supply and demand, people ignorant of economics may attribute price rises to greed. —Thomas Sowell
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity.
The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity. The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
Inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital.
Yet the ardor for inflation never dies. It would almost seem as if no country is capable of profiting from the experience of another and no generation of learning from the sufferings of its forebears.
For it is the nature of inflation to give birth to a thousand illusions. —Henry Hazlitt
Inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital. Yet the ardor for inflation never dies. It would almost seem as if no country is capable of profiting from the experience of another and no generation of learning from the sufferings of its forebears. For it is the nature of inflation to give birth to a thousand illusions. —Henry Hazlitt
If one rejects laissez faire on account of man’s fallibility and moral weakness, one must for the same reason also reject every kind of government action. —Ludwig Von Mises
If one rejects laissez faire on account of man’s fallibility and moral weakness, one must for the same reason also reject every kind of government action. —Ludwig Von Mises
What Marx observed was that capital tended to accumulate in the hands of fewer and fewer people. And he said that’s a flaw of the Capitalist system. That’s wrong, it’s not the flaw of the Capitalist system. It’s a feature of every single system that we know of, no matter who set it up and how it operates. —Jordan Peterson
What Marx observed was that capital tended to accumulate in the hands of fewer and fewer people. And he said that’s a flaw of the Capitalist system. That’s wrong, it’s not the flaw of the Capitalist system. It’s a feature of every single system that we know of, no matter who set it up and how it operates. —Jordan Peterson
