Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.
Money out of nothing is money that is eventually worth nothing. - Llewellyn Rockwell
Money out of nothing is money that is eventually worth nothing.
- Llewellyn Rockwell
The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters. - Llewellyn Rockwell
The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters.
Wealth is not a given or an accident of history. It is not bestowed on us like rain from above. It is the product of human creativity in an environme… - Llewellyn Rockwell
Wealth is not a given or an accident of history. It is not bestowed on us like rain from above. It is the product of human creativity in an environme…
Capitalism, and capitalism alone, has rescued the human race from degrading poverty, rampant sickness and early death. - Llewellyn Rockwell
Capitalism, and capitalism alone, has rescued the human race from degrading poverty, rampant sickness and early death.
If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth. - Llewellyn Rockwell
If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.
Democracy has turned out to be not majority rule but rule by well-organized and well-connected minority groups who steal from the majority. - Llewellyn Rockwell
Democracy has turned out to be not majority rule but rule by well-organized and well-connected minority groups who steal from the majority.
There is nothing the state can do, and which society needs done, that cannot be done far better by the market. - Llewellyn Rockwell
There is nothing the state can do, and which society needs done, that cannot be done far better by the market.
It's a hard truth for Americans to face, that neither team in Washington is going to guard what we love the most. That is something we are going to h… - Llewellyn Rockwell
It's a hard truth for Americans to face, that neither team in Washington is going to guard what we love the most. That is something we are going to h…
The danger to a free society is not the guns owned by the citizens but an unconstrained government.... An armed society is a self-governing society, … - Llewellyn Rockwell
The danger to a free society is not the guns owned by the citizens but an unconstrained government.... An armed society is a self-governing society, …
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