Friday, September 28, 2012

Mises: Laissez Faire

"The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into “big business” was precisely their success in filling best the demand of the masses." --Ludwig von Mises

"There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free enterprise system that provided the nation with the highest standard of living ever attained. Full government control of all activities of the individual is virtually the goal of both national parties." --Ludwig von Mises

"Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household. He is fully confident that this trend will prevail also in the future. He simply calls it the “American way of life” and does not give serious thought to the question of what made this continuous improvement in the supply of material goods possible." --Ludwig von Mises


Mises: Materialism

"It is a purposeful distortion of facts to blame the age of [classical] liberalism for an alleged materialism. The nineteenth century was not only a century of unprecedented improvement in technical methods of production and in the material well-being of the masses. It did much more than extend the average length of
human life. Its scientific and artistic accomplishments are imperishable. It was an age of immortal musicians, writers, poets, painters, and sculptors; it revolutionized philosophy, economics, mathematics, physics, chemistry, and biology. And, for the first time in history, it made the great works and the great thoughts accessible to the common man." --Ludwig von Mises

Jefferson: abolish it

"Governments are instituted among Men, deriving their just powers from the consent of the governed. That whenever any form of Government becomes destructive of these ends, it is the Right of the People to alter or abolish it." --Thomas Jefferson

Jefferson: perpetual debt

"I place economy among the first and most important virtues and public debt as the greatest dangers to be feared... We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude... The same prudence which in private life would forbid our paying money for unexplained projects, forbids it in the disposition of public money. We are endeavoring to reduce the government to the practice of rigid economy to avoid burdening the people." --Thomas Jefferson

Ostrom: bureaucrats and politicians

"There is no reason to believe that bureaucrats and politicians, no matter how well meaning, are better at solving problems than the people on the spot, who have the strongest incentive to get the solution right." -Elinor Ostrom

Thursday, September 27, 2012

Paine: Society & Government

"SOME writers have so confounded society with government, as to leave little or no distinction between them; whereas they are not only different, but have different origins. 

Society is produced by our wants, and government by our wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. The one encourages intercourse, the other creates distinctions. 

The first is a patron, the last a punisher."
-Thomas Paine, 1776

Jefferson: Compulsory contributions

"To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors is sinful and tyrannical." --Thomas Jefferson