Power always corrupts, and the power of government to tell people how to live their lives or to transfer money from those who earn it to others is always a temptation to corruption. Taxes and regulations reduce people’s incentive to produce wealth, and government transfer programs reduce people’s incentive to work, to save, and to help family and friends in case of sickness, disability, or retirement. ...[I]t is nonetheless clear that government enterprises are less efficient, less innovative, and more wasteful than private firms.... [C]ompare what it’s like to call American Express versus the IRS to correct problems. Or compare a private apartment building with public housing.more David Boaz quotes
Do not blame Caesar, blame the people of Rome who have so enthusiastically acclaimed and adored him and rejoiced in their loss of freedom and danced in his path and given him triumphal processions. Blame the people who hail him when he speaks in the Forum of the new wonderful good society which shall now be Rome's, interpreted to mean more money, more ease, more security, and more living fatly at the expense of the industrious.more Marcus Tullius Cicero quotes
After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.more Calvin Coolidge quotes
There exist in the world only two great parties; that of those who prefer to live from the produce of their labor or of their property, and that of those who prefer to live on the labor or the property of others.more Charles Dunoyer quotes
To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.more Friedrich August von Hayek quotes
We ask that government undertake the obligation above all of providing citizens with adequate opportunity for employment and earning a living. The activities of the individual must not be allowed to clash with the interests of the community, but must take place within the confines and be for the good of all. Therefore, we demand: ... an end to the power of financial interest. We demand profit sharing in big business. We demand a broad extension of care for the aged. We demand ... the greatest possible consideration of small business in the purchases of the national, state, and municipal governments. In order to make possible to every capable and industrious [citizen] the attainment of higher education and thus the achievement of a post of leadership, the government must provide an all-around enlargement of our system of public education.... We demand the education at government expense of gifted children of poor parents.... The government must undertake the improvement of public health -- by protecting mother and child, by prohibiting child labor -- by the greatest possible support for all groups concerned with the physical education of youth. [W]e combat the ... materialistic spirit within and without us, and are convinced that a permanent recovery of our people can only proceed from within on the foundation of The Common Good Before the Individual Good.more National Socialist Party of Germany (NAZI) quotes
Contrary to the Marxists, the Nazis did not advocate public ownership of the means of production. They did demand that the government oversee and run the nation's economy. The issue of legal ownership, they explained, is secondary; what counts is the issue of control. Private citizens, therefore, may continue to hold titles to property -- so long as the state reserves to itself the unqualified right to regulate the use of their property.more Leonard Peikoff quotes
During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure nobody would want history to repeat itself.
We should also be aware that for during the last months, we have been witnessing the washout of the entrepreneurship spirit. That includes the principle of the personal responsibility – of a businessman, an investor or a share-holder – for his or her own decisions. There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results.
Another thing – handling crisis must not turn into financial populism, into rejecting a responsible macro-economic policy. Unreasonable expansion of the budget deficit, accumulation of the national debt – are as destructive as an adventurous stock market game.more Vladimir Putin quotes
Unfortunately, more and more often we hear that increasing military spending will help solve today’s social and economic problems. The logic here is quite simple. Additional allocations for military needs create new jobs.
The growth of military spending:
USA—$529 billion in 2006, $555 billion in 2007, and $583 billion in 2008. Experts expect $606 billion in 2009.
Great Britain—£27 billion in 2006, £31 billion in 2007, £34 billion in 2008, and £35.2 billion planned for 2009.
Germany—€23 billion in 2006, €24 billion in 2007, and €25 billion in 2008.
China—$38 billion in 2006, $44 billion in 2007, $58 billion in 2008, and a 17% increase in 2009 (around $66 billion).
Georgia (according to the Stockholm International Peace Research Institute)—$49 million in 2002, $80 million in 2004, $362 million in 2006, $592 million in 2007, and $1.104 billion in 2008.
At a glance, it seems to be merely a method to fight the crisis and unemployment. Perhaps, in the short run, such a measure may yield some results. But in reality, instead of solving the problem, militarisation pushes it to a deeper level. It draws away from the economy immense financial and material resources, which could have been used much more efficiently elsewhere.more Vladimir Putin quotes
One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.more Vladimir Putin quotes
Our anti-crisis policy is directed to internal demand support, social security of citizens and creation of new jobs. Like many other countries, we are reducing taxes on production, investing money in the economy. We are optimising state expenses.more Vladimir Putin quotes
We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success. There should be no place for despondency. The crisis can and must be fought by uniting our intellectual, spiritual and material resources.more Vladimir Putin quotes
I think that the 21st-century economy is an economy of people, not of factories. The intellectual aspect in the global economic development has grown immensely. That’s why we plan to concentrate on creating additional opportunities for our people to realise their potential.more Vladimir Putin quotes
Let us be frank: provoking military-political instability and other regional conflicts is also a convenient way of deflecting people’s attention from mounting social and economic problems. Regrettably, further attempts of this kind cannot be ruled out.more Vladimir Putin quotes
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: "Account Overdrawn."more Ayn Rand quotes
America's abundance was created not by public sacrifices to "the common good," but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages and cheaper goods with every new machine they invented, with every scientific discovery or technological advance -- and thus the whole country was moving forward and profiting, not suffering, every step of the way.more Ayn Rand quotes
When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, 'Who is destroying the world?' You are.more Ayn Rand quotes
I refuse to apologize for my ability -- I refuse to apologize for my success -- I refuse to apologize for my money. If this is evil, make the most of it.more Ayn Rand quotes
We [entrepreneurs] required that you leave us free to function -- free to think and work as we choose ... -- free to earn our own profits and make our own fortunes ... Such was the price we asked, which you chose to reject as too high.more Ayn Rand quotes
In 1847, Marx and Engels proposed ten steps to convert the Western nations to Communist countries without firing a shot. Most of these ideas have been successfully implemented in our own country with little, if any, resistance! ... One of the ten steps called for "centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly" just like our own Federal Reserve! ... Another of the ten steps called for instituting "a heavy progressive or graduated income tax" just like our own federal income tax! ... Another step proposed by Marx and Engels was "abolition of all right of inheritance," which we come ever closer to as inheritance taxes increase. Taking wealth at gunpoint, if necessary that one person has created and given to another person is theft. Whether the wealth creator is alive or dead, the act and the impact are the same. Another step was "free education for all children in public schools." Although our country still has many private schools in addition to the public ones, the content of both is dictated by aggression-through-government, to teach aggression. Marx and Engels also recommended the "extension of factories and instruments of production owned by the state." In the past century, more and more services have become exclusive, subsidized government monopolies (e.g., garbage collection, water distribution, mass transit, etc.). As a result, we pay twice as much for lower quality service! Marx also called for the "centralization of the means of communications and transport in the hands of the state." Television and radio stations are licensed by the Federal Communications Commission. A station that does not pursue programming considered "in the public interest" is stopped at gunpoint, if necessary from further broadcast. ... Radio stations have an elite ownership as well. Those who benefit from aggression-through-government have little incentive to tell the public that licensing is a tool of the rich! ... Another of the ten steps calls for "confiscation of the property of all emigrants and rebels" ... [O]ur law enforcement agents can seize the wealth of anyone suspected of drug crimes without a trial! [T]he Internal Revenue Service (IRS) has also been seizing the assets of taxpayers without a trial if the IRS thinks they might have underpaid their taxes! The wealth we have created can be taken from us at gunpoint, if necessary without a formal accusation or a chance to defend ourselves! ... In addition, Marx and Engels called for "abolition of property in land and application of all rents of land to public purposes." In other words, land would not be privately owned. No homesteading would be permitted. Our federal and local governments have title to 42% of the land mass of the United States. Most of the remaining land is under government control as well. For example, today's homeowners can pay off their mortgages, but must still pay property taxes to the local government. If they stop payments, their property is taken from them. They are, in essence, renting their home from the local government.more Dr. Mary J. Ruwart quotes
In the late 1980s, Soviets were allowed to keep the wealth they created by raising vegetables on their garden plots. Although these plots composed only about 2% of the agricultural lands in the Soviet Union, they produced 25% of the food! When Soviets kept the wealth they created, they produced almost 16 times more than when it was taken from them at gunpoint, if necessary!more Dr. Mary J. Ruwart quotes
For thousands of years, the tireless effort of productive men and women has been spent trying to reduce the distance between communities of the world by reducing the costs of commerce and trade. Over the same span of history, the slothful and incompetent protectionist has endlessly sought to erect barriers in order to prohibit competition—thus, effectively moving communities farther apart. When trade is cut off entirely, the real producers may as well be on different planets. The protectionist represents the worst in humanity: fear of change, fear of challenge, and the jealous envy of genius. The protectionist is not against the use of every kind of force, even warfare, to crush his rival. If mankind is to survive, then these primeval fears must be defeated.more Ken Schoolland quotes
Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.more R. H. Tawney quotes
Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.more Ludwig von Mises quotes
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