Bankruptcy Quotes - Page 10

• 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.

  Llewellyn Rockwell

  Medicine, Failing, Socialism

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• The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.

  Henry Hazlitt

  Gambling, Government, Growth

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.136, Ludwig von Mises Institute

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• In the midst of the East Asian crisis, there were choices. One choice would have been to encourage countries to implement a bankruptcy law that could have threatened the interests of the lenders. Workers' rights should be a central focus of development. But nowhere did issues of workers' rights, including the right to participate in the decisions which would affect their lives in so many ways, get raised.

  Joseph Stiglitz

  Country, Choices, Focus

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