The secret dread of modern intellectuals, liberals and conservatives alike, the unadmitted terror at the root of their anxiety, which all of their current irrationalities are intended to stave off and to disguise, is the unstated knowledge that Soviet Russia is the full, actual, literal, consistent embodiment of the morality of altruism, that Stalin did not corrupt a noble ideal, that this is the only way altruism has to be or can ever be practiced. If service and self-sacrifice are a moral ideal, and if the "selfishness" of human nature prevents men from leaping into sacrificial furnaces, there is no reason -- no reason that a mystic moralist could name -- why a dictator should not push them in at the point of bayonets -- for their own good, or the good of humanity, or the good of posterity, or the good of the latest bureaucrat's five-year plan. There is no reason that they can name to oppose any atrocity. The value of a man's life? His right to exist? His right to pursue his own happiness? These are concepts that belong to individualism and capitalism -- to the antithesis of the altruist morality.more Ayn Rand quotes | Make no mistake about it -- and tell it to your Republican friends: capitalism and altruism cannot coexist in the same man or in the same society. Tell it to anyone who attempts to justify capitalism on the ground of the "public good" or the "general welfare" or "service to society" or the benefit it brings to the poor. All these things are true, but they are the by-products, the secondary consequences of capitalism -- not its goal, purpose or moral justification. The moral justification of capitalism is man's right to exist for his own sake, neither sacrificing himself to others nor sacrificing others to himself; it is the recognition that man -- every man -- is an end in himself, not a means to the ends of others, not a sacrificial animal serving anyone's need.more Ayn Rand quotes | Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefiting from their success -- only then can societies remain economically alive, dynamic, prosperous, progressive and free.more Ronald Reagan quotes | Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive, [it] reeks with injustice and is fundamentally un-American... it has earned a rebellion and it's time we rebelled.more Ronald Reagan quotes | There are many well-meaning people today who work at placing an economic floor beneath all of us so that no one shall exist below a certain level or standard of living, and certainly we don't quarrel with this. But look more closely and you may find that all too often these well-meaning people are building a ceiling above which no one shall be permitted to climb and between the two are pressing us all into conformity, into a mold of standardized mediocrity.more Ronald Reagan quotes | You and I are told we must choose between a left or right, but I suggest there is no such thing as a left or right. There is only an up or down. Up to man's age-old dream -- the maximum of individual freedom consistent with order -- or down to the ant heap of totalitarianism. Regardless of their sincerity, their humanitarian motives, those who would sacrifice freedom for security have embarked on this downward path. Plutarch warned, 'The real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits.'more Ronald Reagan quotes | There are no such things as limits to growth, because there are no limits on the human capacity for intelligence, imagination and wonder.more Ronald Reagan quotes | Government does not tax to get the money it needs; government always finds a need for the money it gets.more Ronald Reagan quotes | Are you entitled to the fruits of your labor or does government have some presumptive right to spend and spend and spend?more Ronald Reagan quotes | Have we the courage and the will to face up to the immorality and discrimination of the progressive tax, and demand a return to traditional proportionate taxation? ... Today in our country the tax collector's share is 37 cents of every dollar earned. Freedom has never been so fragile, so close to slipping from our grasp.more Ronald Reagan quotes | One definition of an economist is somebody who sees something happen in practice and wonders if it will work in theory.more Ronald Reagan quotes | After the 16th Amendment was ratified, an income tax was imposed starting in 1913 with rates ranging from 1 percent to 7 percent with the top rate applying only to incomes in excess of $500,000. By 1916 that top rate had risen to 15 percent, on income in excess of $2,000,000. The top rate exceeded 90 percent at its peak in the early 1950s. The first 1040 form -- instructions and all -- took up only four pages. Today there are some 4,000 pages of tax forms and instructions. American workers and business are forced to spend more than 5.4 billion man-hours every year figuring out their taxes. Since those hours could be put to a more productive use, and almost surely would be in the absence of today’s incomprehensible tax code, the result is a large dead-weight output loss of some $200 billion each year. ... The IRS now has more enforcement personnel than the EPA, BATF, OSHA, FDA, and DEA combined. With its 115,000-man workforce, it has the power to search the property and financial documents of American citizens without a search warrant and to seize property from American citizens without a trial. It routinely does both. Economist James L. Payne has written a most revealing analysis of the IRS, a 1993 book entitled Costly Returns. He arrives at a stunning conclusion, the total cost to collect our federal taxes, including the effects on the economy as a whole adds up to an amazing 65 percent of all the tax dollars received annually. The U.S. tax system, says Payne, has produced hundreds of thousands of victims of erroneous IRS penalties, liens, levies, and tax advice. In answering taxpayer questions, for example, the IRS telephone information service has in previous years given about one-third of all callers -- as many as 8.5 million Americans -- the wrong answers to their questions. A 1987 General Accounting Office study found that 47 percent of a random sample of IRS correspondence -- including demands for payments -- contained errors. Incredibly a GAO audit of the IRS in 1993 found widespread evidence of financial malfeasance and gross negligence at the agency. The IRS could not account for 64 percent of its congressional appropriation!more Dr. Lawrence W. Reed quotes | It constantly amazes me that defenders of the free market are expected to offer certainty and perfection while government has only to make promises and express good intentions. Many times, for instance, I’ve heard people say, "A free market in education is a bad idea because some child somewhere might fall through the cracks," even though in today’s government school, millions of children are falling through the cracks every day.more Dr. Lawrence W. Reed quotes | The value of paper money is precisely the value of a politician's promise, as high or low as you put that; the value of gold is protected by the inability of politicians to manufacture it.more Sir William Rees-Mogg quotes | Congress is extraordinarily reluctant to inject itself into foreign policy. It has dumped entirely its constitutional duty for money onto
a central bank, and for trade, onto the executive branch. It seems to never know what the CIA and other intelligence agencies are doing. Like the
Romans, they no longer talk of the republic or liberty. And like the Romans, the American people, or most of them anyway, don’t seem to care. ...
Like the Romans, we no longer have a citizen army but professional legions, and whether they wear jackboots or not, some federal officers seem to
regard Americans with about the same compassion as the Praetorian Guard had for the plebes. As in Rome, the air is full of suspicion, intrigues and
conspiracies, real or imagined, and the air reeks of greed and opportunism. As those on the Tiber, the rulers on the Potomac have grown
suspicious of the people, don’t trust them and, in some cases fear them. And, as in Rome, they grovel in luxury while taking 40 cents on the dollar
out of the sweat of working people to pay for corn and circuses to keep the mob satisfied. more Charley Reese quotes | If we could manage our own finances the way the Congress does the nation’s, we’d all be living in high cotton and eating high on the hog.more Charley Reese quotes | The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.more Robert Reich quotes | It ain’t over on April 15! If you stop, for example, for a $10 pizza on Thursday night to celebrate being done with the IRS for another year, the taxman will be right there to grab a slice or two. On top of paying the sales tax, you’ll also be picking up a major chunk of what the government charges the pizza shop owner for local property taxes, unemployment insurance taxes, federal payroll taxes, federal and state and local income taxes, and worker’s compensation taxes. Altogether, according to a study by the Americans for Tax Reform, that comes to $3.80 on a $10 pizza for the omnipresent taxman. If you pick up a Bud six-pack to go with the pizza, there’s another 43 cents of each beer dollar that goes straight to the taxman for excise taxes, income taxes, property taxes, etc. For something stronger, say Jack Daniels, the taxman’s share is $7.20, on average, out of every $10. Go lighter and just drink Pepsi and it’s 35 percent of what you pay that goes for taxes at all levels. Add some Marlboros and its 75 percent of the retail price that’s funneled directly into the state’s coffers. Get home and hit the light switch and another $26 out of every $100 on the electric bill goes for government rather than electricity. If you’re flying the next day, the taxman is up early and waiting at the aiport, pocketing $40 on every $100 airline ticket. And he’s there in the hotel lobby when you land, snatching $43 on every $100 of the hotel bill. Go out to dinner and it’s another $28 of every $100 of the tab that ends up with the government rather than with the restaurant, the farmers, truckers and everyone else who worked together to produce the meal.more Ralph Reiland quotes | Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge—information that could never be tapped by the individual at the head of a collectivist state.more Sheldon Richman quotes | | In 1883, a small group of Socialists met in London, announcing their intentions of converting the British economic system from capitalism to socialism. This group chose the name 'Fabian Society.' One of the leading members of the Fabian Society, author George Bernard Shaw, perhaps summed it up best when he said, quote: '... Socialism means equality of income or nothing... under socialism you would not be allowed to be poor. You would be forcibly fed, clothed, lodged, taught, and employed whether you like it or not. If it were discovered that you had not character enough to be worth all this trouble, you might possibly be executed in a kindly manner; but whilst you were permitted to live you would have to live well.' more Edgar Wallace Robinson quotes | The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.more Joan Robinson quotes | 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.more Lew Rockwell quotes | 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.more Lew Rockwell quotes | 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.more Lew Rockwell quotes | Even though they are a relatively recent policy development, civil rights laws are considered necessary to insure rights for blacks. But they are, in fact, among the most draconian forms of intervention into the free market. They attack the essence of private property, the ability to exercise control over it. Such laws have resulted in lessened economic freedom, lowered prosperity, heightened social tension, and more trouble for the groups the laws are supposed to help. ... A Korean grocer may want to employ only Korean clerks, a magazine for black professionals only black editors and writers, and a German restaurant only German cooks and waiters. An employer may think that Iraqi-Americans have been unfairly treated and want to favor them. A women’s health club may want only women customer’s and a men’s bar may want only men. There is nothing wrong with any of these behaviors, although civil rights laws seek to end them. In addition to violating the free labor contract, civil rights laws guarantee everyone the right of “access” to “public accommodations” like restaurants, movie theaters, and shops. In fact, what the civil rights laws call public is really private. These businesses are established by private entrepreneurs with private money. The owners should no more be required to serve everyone who comes into their place than they are required to invite everyone to their home for dinner. A large downtown restaurant is as private as a small house in the country. The real difference between private and public is one of ownership, not function or location.more Lew Rockwell quotes | A foreigner coming here and reading the Congressional Record would say that the President of the United States was elected solely for the purpose of giving Senators somebody to call a horse thief.more Will Rogers quotes | | Fairness does not require the redistribution of wealth; it requires the creation of wealth, geared to an economy that can provide employment for everyone able and willing to work.more Felix Rohatyn quotes | | Give me control over a man's economic actions, and hence over his means of survival, and except for a few occasional heroes, I'll promise to deliver to you men who think and write and behave as I want them to.more Benjamin A. Rooge quotes | The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.more Franklin D. Roosevelt quotes | | Lottery tickets are the only consumer products actively promoted and sold by the state. The state does not sell toothpaste, or even promote brushing your teeth. But it tells people they should gamble. The main marketing concern is how to attract new players, who otherwise wouldn't gamble.more I. Nelson Rose quotes | During the last dozen years the tales of suppression of free assemblage, free press, and free speech, by local authorities or the State operating under martial law have been so numerous as to have become an old story. They are attacked at the instigation of an economically and socially powerful class, itself enjoying to the full the advantages of free communications, but bent on denying them to the class it holds within its power...more Edward Alsworth Ross quotes | It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.more Murray N. Rothbard quotes | | Fortunately, political freedom and economic progress are natural partners. Despite capitalism's lingering reputation as the source of all the world's evils, the fact remains that every single democracy is a capitalist country. Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. ... Socialism collapsed because it is a policy of unrestrained intervention. It tries to fix what is 'wrong' with the spontaneous, self-organizaing phenomenon called capitalism. But, of course, a natural process cannot be 'fixed.' ... Socialism is an ideology. Capitalism is a natural phenomenon.more Michael Rothschild quotes | The surest way to ruin a promising career in economics, whether professional or academic, is to venture into the 'cranks and crackpots' world of suggestions for reform of the financial system.more Michael Rowbotham quotes | The blame for [the national debt] lies with the Congress and the President, with Democrats and Republicans alike, most all of whom have been unwilling to make the hard choices or to explain to the American people that there is no such thing as a free lunch.more Warren Rudman quotes | Ruff's Third Law of Economic Dynamics: "An economy in motion tends to stay in motion, and an economy at rest tends to stay at rest. A free market is constantly in motion. A centrally planned market slows until it eventually dies completely.more Mike Ruff quotes | Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.more Bertrand Russell quotes | I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.more Rick Santelli quotes | About all a Federal Reserve note can legally do is wipe out one debt and replace it with itself another debt, a note that promises nothing. If anything's been paid, the payment occurs only in the minds of the parties...more Tupper Saussy quotes | | | | | | |
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