I see no reason better than greed for claiming that I 'deserve' a share of someone else's wealth, which I have had no part in producing. —David Friedman (The Machinery of Freedom)
I see no reason better than greed for claiming that I ‘deserve’ a share of someone else’s wealth, which I have had no part in producing. —David Friedman (The Machinery of Freedom)
Powerful government tends to draw into it people with bloated egos. People who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, "in government, the scum rises to the top" —Walter Williams
Powerful government tends to draw into it people with bloated egos. People who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, “in government, the scum rises to the top” —Walter Williams
Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise.
They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to buy houses that they cannot really afford. They tend eventually to bring about an over-supply of houses. They temporarily over stimulate building, raise the cost of building for everybody. May mislead the building industry into an eventually over expansion.
In brief, in the long run they do not increase overall national production but encourage malinvestment. —Henry Hazlitt
Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to buy houses that they cannot really afford. They tend eventually to bring about an over-supply of houses. They temporarily over stimulate building, raise the cost of building for everybody. May mislead the building industry into an eventually over expansion. In brief, in the long run they do not increase overall national production but encourage malinvestment. —Henry Hazlitt
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
