Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
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Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, read more
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings.
You cannot have the success without the failures.
You cannot have the success without the failures.
The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the read more
The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.
If you're not a white male, consider sales seriously. Most employers, regardless of how sexist or racist they may be, read more
If you're not a white male, consider sales seriously. Most employers, regardless of how sexist or racist they may be, will pay for any sales they can get. And they care little for the color or gender of the person who brings that business to the firm. Most will be glad to get the business even if it comes from a green, bisexual Martian.
Forty for you, sixty for me And equal partners we will be.
Forty for you, sixty for me And equal partners we will be.
Our job is not to set things right but to see them right.
Our job is not to set things right but to see them right.
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and read more
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays read more
Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays as compared with the past; the material goods that we now possess; the speed at which information, entertainment, and we ourselves move freely throughout the world - it seems to me that a person must be literally deaf and blind not to perceive that humanity is in a much better state than ever before.
