We have seen Socialism fail on every continent of the planet. But when there is ignorance and when there are people who resent the way of competition and free-market ideas then Socialism can arise. —Gloria Alvarez
We have seen Socialism fail on every continent of the planet. But when there is ignorance and when there are people who resent the way of competition and free-market ideas then Socialism can arise. —Gloria Alvarez
It’s amazing that people don’t understand that the more the market is involved and the smaller the government, the lower the price, the better the distribution, and the higher the quality. —Ron Paul
It’s amazing that people don’t understand that the more the market is involved and the smaller the government, the lower the price, the better the distribution, and the higher the quality. —Ron Paul
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
