Capitalism, and capitalism alone, has rescued the human race from degrading poverty, rampant sickness and early death.— Llewellyn Rockwell
The most revealing Llewellyn Rockwell quotes you will be delighted to read
Democracy has turned out to be not majority rule but rule by well-organized and well-connected minority groups who steal from the majority.
If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.
Socialism crushes human rights, builds the state, impinges on the liberty of conscience, and breeds social, cultural, and economic degeneration.
One ironic legacy of the Clinton administration is the rearming of the American citizenry. Each time Clinton and his friends in Congress threaten another round of anti-gun regulations, the American people respond by stocking up.
It's not as if socialism is a new idea.
It was tried in the 20th century. It produced economic stagnation and despair. In its purest form, it extinguished more than one hundred million people.
Socialized medicine must fail for the same reasons all socialism must fail: it offers no system for rationally allocating resources, and instead promotes the overutilization of all resources, ending in bankruptcy.
The danger to a free society is not the guns owned by the citizens but an unconstrained government.... An armed society is a self-governing society, just as a disarmed people are vulnerable to arbitrary power of every kind.
We like to imagine that in history, truth will prevail through sheer persuasive power. Sadly, this is not the case. Truth needs champions.
Libertarianism is a theory of politics that is so compelling that once you have absorbed it, it becomes the lens through which you end up understanding all economic and political events.
Pledge allegiance to your principles, your family, your faith, but don't be foolish enough to pledge allegiance to a gang of thieves.
American federalism was the embodiment of political tolerance and decentralization - the expression of the liberal conviction that society can manage itself and needs no central plan.
Always and everywhere, the only serious political issue is what the state should and should not do. All the rest distracts.
Never underestimate the power of bad ideas. They must be refuted again and again.
Private enterprise creates; government destroys. That is the great economic lesson of our times and all times.
To concede that there are social problems that cannot be corrected without the state is to give up the entire argument over the future of liberty itself.
The fact is that the New Deal did not work.
It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.
If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.
The only reason for a government service is precisely to provide financial support for an operation that is otherwise unsustainable, or else there would be no point in the government's involvement at all.
Without market prices for capital goods, accounting is not possible.
You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.
Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.
Subsidies create more of whatever is being subsidized.
What the American worker needs is more of what WalMart offers and less of what the government offers.
To centralize power in the name of freedom is akin to putting a crime syndicate in charge of rooting out corruption. It is the normal state of politics that the more centralized it is, the more damage it does. Fast-track authority [for government-to-government trade agreements] centralizes power and is therefore part of the problem.
What makes for the good society is a sound economy. Without it, all the rest falls apart.
It's a hard truth for Americans to face, that neither team in Washington is going to guard what we love the most. That is something we are going to have to face. Liberty is for the citizens to guard themselves.
Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
Among the most urgent political priorities of our age is the separation of economy and state.
All the stuff that makes life worth living is produced privately, and all that the government does is slow down the progress of civilization and bring destruction and disaster wherever it goes.
American money was never more sound, or banking more free, than 200 years ago.
Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.
Let every nation, right now, do what is best for all citizens of the world: eliminate every form of intervention that would prevent or otherwise hobble mutually beneficial trade between any two parties anywhere in the world. No bureaucracy can help us toward that goal; it must come from a growing realization of the merit of freedom itself.
In any government bureaucracy, they are not working for you but for the mythical blob called the 'public sector,' which is really nothing but a stash of stolen cash divided among the robber class.
The state is a vast enterprise for declaring all sorts of things legal for itself that would be illegal for us.
Above all, ascribe no decent motives to the federal government.
Always and everywhere, it is the enemy of truth.
The private sector is creating a miracle a day, even as the stuff that government attempts is failing left and right.
There is nothing the state can do, and which society needs done, that cannot be done far better by the market.
The larger the government, the more our livings standards are reduced.
We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year - not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being.
The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters. And that's beginning to happen. More than six decades of hard work for American liberty beginning with the Old Right opposition to the Roosevelt Revolution and continuing with the Mises Institute, is beginning to bear fruit.
The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters.
The people and the warmakers are two distinct groups.
We must never say 'we' when discussing the US government's foreign policy. For one thing, the warmakers do not care about the opinions of the majority of Americans. It is silly and embarrassing for Americans to speak of 'we' when discussing their government's foreign policy, as if their input were necessary to or desired by those who make war.
Never forget that no government has wealth of its own to spend.
The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.
What we need is a new consciousness concerning the idea of human liberty.
Money out of nothing is money that is eventually worth nothing.
The state is and has been in history a source of disorder and chaos, and this problem gets worse the more the state grows.
No state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will tolerate.
Anything other than free enterprise always means a society of compulsion and lower living standards, and any form of socialism strictly enforced means dictatorship and the total state. That this statement is still widely disputed only illustrates the degree to which malignant fantasy can capture the imagination of intellectuals.
Profit is a signal that valuable services are being rendered to people on a voluntary basis.
The state always poses a greater threat to society than whatever problem it purports to solve.
Government planning not only fails; it tends to produce outcomes that are the opposite of what its proponents say that they favor. The only stable and productive social system is one that embraces human liberty in its totality, and defends the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.
Prosperity is an essential partner in civilization itself.
It is the basis of leisure, charity, and a hopeful outlook on life. It is the means for conquering poverty at the lowest rung of society, the basis on which children and the elderly are cared for, the foundation for the cultivation of arts and learning. Crush an economy and you crush civilization.