1189: Ron Paul – How Black Markets Work

Prohibiting something that is highly desired does not make the desire go away but merely ensures that the supply of that good is provided in the most dangerous and undesirable manner possible, and endows criminal sectors of society with additional wealth and power. —Ron Paul (The Revolution: A Manifesto)
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Prohibiting something that is highly desired does not make the desire go away but merely ensures that the supply of that good is provided in the most dangerous and undesirable manner possible, and endows criminal sectors of society with additional wealth and power. —Ron Paul (The Revolution: A Manifesto)
Normal Quality (1920×1372 267 KB)
Prohibiting something that is highly desired does not make the desire go away but merely ensures that the supply of that good is provided in the most dangerous and undesirable manner possible, and endows criminal sectors of society with additional wealth and power. —Ron Paul (The Revolution: A Manifesto)
Prohibiting something that is highly desired does not make the desire go away but merely ensures that the supply of that good is provided in the most dangerous and undesirable manner possible, and endows criminal sectors of society with additional wealth and power. —Ron Paul (The Revolution: A Manifesto)

Prohibiting something that is highly desired does not make the desire go away but merely ensures that the supply of that good is provided in the most dangerous and undesirable manner possible, and endows criminal sectors of society with additional wealth and power. —Ron Paul (The Revolution: A Manifesto)

1180: Walter Williams – Minimum Wage Laws are the Arsenal of Racists

Minimum-wage laws are one of the most powerful tools in the arsenal of racists. —Walter Williams
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Minimum-wage laws are one of the most powerful tools in the arsenal of racists. —Walter Williams
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Minimum-wage laws are one of the most powerful tools in the arsenal of racists. —Walter Williams
Minimum-wage laws are one of the most powerful tools in the arsenal of racists. —Walter Williams

Minimum-wage laws are one of the most powerful tools in the arsenal of racists. —Walter Williams

1172: Milton Friedman – Lack of Belief in Freedom Itself

Underlying most arguments against the free market is a lack of belief in freedom itself. —Milton Friedman
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Underlying most arguments against the free market is a lack of belief in freedom itself. —Milton Friedman
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Underlying most arguments against the free market is a lack of belief in freedom itself. —Milton Friedman
Underlying most arguments against the free market is a lack of belief in freedom itself. —Milton Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. —Milton Friedman

1168: Ludwig von Mises: The First Job of an Economist

The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises
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The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises
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The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises
The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises

The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises

1167: Thomas Sowell – No Contact to Economic Reality

You can become president with no contact with economic reality. —Thomas Sowell
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You can become president with no contact with economic reality. —Thomas Sowell
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You can become president with no contact with economic reality. —Thomas Sowell

1163: Tom Woods – The Delusion of Keynesians

Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. —Tom Woods
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Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. —Tom Woods
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Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. —Tom Woods
Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. —Tom Woods

Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. —Tom Woods

1160: Friedrich Hayek – Democratic Socialism Produces Something Different

Democratic Socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something that many will not believe until the connection has been laid bare in all its aspects. —F.A. Hayek
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Democratic Socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something that many will not believe until the connection has been laid bare in all its aspects. —F.A. Hayek
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Democratic Socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something that many will not believe until the connection has been laid bare in all its aspects. —F.A. Hayek

1159: Thomas Sowell – Slavery Can Never Be Forgotten Nor Forgiven

To say that one has been compensated is to say that things have been set right. Slavery can neither be forgotten nor forgiven. Certainly NOT by those who never suffered it personally, and certainly NOT in exchange for money or other benefits. —Thomas Sowell (Race & Culture: A World View)
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To say that one has been compensated is to say that things have been set right. Slavery can neither be forgotten nor forgiven. Certainly NOT by those who never suffered it personally, and certainly NOT in exchange for money or other benefits. —Thomas Sowell (Race & Culture: A World View)
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To say that one has been compensated is to say that things have been set right. Slavery can neither be forgotten nor forgiven. Certainly NOT by those who never suffered it personally, and certainly NOT in exchange for money or other benefits. —Thomas Sowell (Race & Culture: A World View)

1156: Frederic Bastiat – The State Lives at the Expense of Everyone

Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. —Frederic Bastiat
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Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. —Frederic Bastiat
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Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. —Frederic Bastiat
Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. —Frederic Bastiat

Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. —Frederic Bastiat

1153: Walter Williams – Politicians Exploit Economic Illiteracy

Politicians exploit economic illiteracy. —Walter Williams
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Politicians exploit economic illiteracy. —Walter Williams
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Politicians exploit economic illiteracy. —Walter Williams
Politicians exploit economic illiteracy. —Walter Williams

Politicians exploit economic illiteracy. —Walter Williams