Depressions and mass unemployment are not caused by the free market but by government interference in the economy. —Ludwig von Mises (The Theory of Money and Credit)
Tag: Money
We have unfortunately created a little class of mini bureaucrats who are more concerned with keeping their jobs and perpetuating the institution as an institution and raising money than they are with spreading the message. When we started out our goal was to spread the word, it was sort of evangelical, to spread the word of liberty out to the world at large and we had people like Murray Rothbard and John Hospers and many other distinguished thinkers of that era involved in the party. Now we’re down to the level of people who are I think for the most part well intended, but when compared to those men are several orders down the intellectual scale and they are absorbed with minutia they are concerned with budgets, they are afraid to say anything that might scare people, that might keep people from voting for us. So it’s become a very timid organization in the past 6 or 8 years. —David Nolan
The biggest threat to the American people today lies with the United States government. The long-term solution is to dismantle, not reform, the iron fist of the welfare state and the controlled economy. This includes the end (not the reform) of the IRS, the DEA, the BATF, the SEC, the FDA, HUD, the departments of HHS, Labor, Agriculture, and Energy, and every other agency that takes money from some and gives it to others or interferes with peaceful behavior. —Jacob Hornberger
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
