Any allegation of runaway capitalism has to be tempered by the observation that today we have the largest public sectors and the highest taxes the world has ever known.
In my opinion nothing has contributed more to the corruption of the original idea of socialism as the belief that Russia is a socialist country.
The party that called itself liberal aimed at respecting the liberty to dispose of one's own goods
The liberals who demanded equality of taxation on behalf of the poor, for instance, did not imagine that they would obtain progressive taxation to the disadvantage of the well-off, and that they would end up with an arrangement in which taxes are voted by those who do not pay them.
If they [liberals] didn't believe we were mean spirited they couldn't stay liberal. They have to believe they mean better than us, but we don't have to believe that we mean better than them. We have to believe that we do better than them. We measure morality by what happens not what is intended.
The current disfavor into which socialism has fallen has spurred.... the frenzy to proclaim oneself a liberal. Many writers today have recourse to the strategem of inventing for oneself a liberalism according to one's own tastes and passing it off as an evolution from past ideas.
Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.
The chief value of the rule lies in preventing an immediate and obvious but inferior good from replacing a longer-range, less obvious but superior one.
Protectionism, socialism, all varieties of state favoritism and restrictions on competition, and the growth of bureaucracy and jobbery were the means by which special interests sought to exploit the public, the great mass of consumers and taxpayers.
With virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.
Liberalism is, in fact, the ideology of the capitalist revolution that prodigiously raised the living standards of the mass of people; a doctrine gradually elaborated over several centuries, which offered a new concept of social order, encompassing freedom in the only form suited to the modern world. Step by step, in practice and theory, the various sectors of human activity were withdrawn from the jurisdiction of coercive authority and given over to the voluntary action of self-regulating society.
As liberals, men like Richter viewed socialism as the great modern counter-revolution, and believed that the achievement of the socialist goal would lead both to appalling poverty and state absolutism. There was nothing in the socialist doctrine of the time that would suggest otherwise.
The liberal ideal is that everyone should have fair access and fair opportunity. This is not equality fo result. Its equality of opportunity. There's a fundamental difference.
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.
Economic freedom has no security without political freedom, and political freedom can find its security only in economic freedom.
What is the use of freedom of the press if the government is in possession of all the printing presses, what does freedom of assembly avail if all the meeting places belong to the government? In a society in which there is no more personal and economic freedom, even the freest form of the state cannot make political independence possible.
If your corn has a herbicide-tolerant gene, it means you can pray your herbicides and kill the weeds; you won't kill your corn.
If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.
Everything done by the state is ultimately done by means of aggression, which is to say violence or the threat of violence against the innocent.
Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects
This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.
Rights might be universal but their enforcement must be local.
The essence of Africa's crises is fundamentally it's extreme poverty.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.
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