Austrian School Of Economics Quotes
Austrian School Of Economics Quote of the day
It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society.
In proportion as you give the state power to do things for you, you give it power to do things to you.
People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.
Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of socialism.
War has been the necessary and inevitable consequence of the establishment of a monopoly on security.
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
No people and no part of a people shall be held against its will in a political association that it does not want.
I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.
The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule.
Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.
Trade and money, which go together in a stream of energy, inevitably wash away the enclosing walls of a society of status.
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.
Libertarians make no exceptions to the golden rule and provide no moral loophole, no double standard, for government.
In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.
There are two and only two ways that any economy can be organized. One is by freedom and voluntary choice—the way of the market. The other is by force and dictation—the way of the State.
No man can rightfully be required to join, or support, an association whose protection he does not desire.
Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.
If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.
Liberty should be understood as freedom from the government, specifically, freedom from the initiation of physical force by the government.
The phenomenon of economic ignorance is so widespread, and its consequences so frightening, that the objective of reducing that ignorance becomes a goal invested with independent moral worth.
It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.
The welfare of a people lies not in casting other peoples down but in peaceful collaboration.
Ultimately, all arguments against markets are arguments against anarchy. Marx understood this much, at least.
When people say 'let's do something about it', they mean 'let's get hold of the political machinery so that we can do something to somebody else.' And that somebody is invariably you.
Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.
Whenever someone starts talking about 'fair competition' or indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.
Countries adopting free-market capitalism have increased output 70-fold, halved work days and doubled lifespans.
There's a huge swath of humanity that has developed verbal abilities to extract resources from guilt-ridden people.They used to be priests, and now they're leftists.
I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve already done it. It’s called a nickel.
The demoralization that the debasement of the currency left in its wake played a major role in bringing Adolf Hitler into power in 1933.
Recall that the minimum wage was initially conceived as a method to exclude undesirables from the workforce.
