"Being early like being too late is not much different from being wrong when it comes to love or to business."
Antony Mueller
Monday, May 18, 2009
“Cognizance of the relation between a cause and its effect is the first step toward man’s orientation in the world and is the intellectual condition of any successful activity.” The Ultimate Foundation of Economic Science, p.20
Russia
"Whosoever shall come to us with the sword shall perish by it. Upon this stood and stands the land of Russia". St Prince Alexander Nevsky, in the 13th century
Economists' error
"The economist knows that a single error in his field may do more harm than almost all the sciences taken together can do good--even more, that a mistake in the choice of a social order, quite apart from the immediate effect, may profoundly affect the prospects for generations."
F. A. v. Hayek
http://www.mises.org/store/Trend-of-Economic-Thinking-The-P587.aspx
F. A. v. Hayek
http://www.mises.org/store/Trend-of-Economic-Thinking-The-P587.aspx
Saturday, May 16, 2009
Politics of Obedience
"The fundamental political question is why do people obey a government. The answer is that they tend to enslave themselves, to let themselves be governed by tyrants. Freedom from servitude comes not from violent action, but from the refusal to serve. Tyrants fall when the people withdraw their support."
Étienne de la Boétie
Étienne de la Boétie
"[Roman] Tyrants would distribute largess, a bushel of wheat, a gallon of wine, and a sesterce: and then everybody would shamelessly cry, "Long live the King!" The fools did not realize that they were merely recovering a portion of their own property, and that their ruler could not have given them what they were receiving without having first taken it from them. A man might one day be presented with a sesterce and gorge himself at the public feast, lauding Tiberius and Nero for handsome liberality, who on the morrow, would be forced to abandon his property to their avarice, his children to their lust, his very blood to the cruelty of these magnificent emperors, without offering any more resistance than a stone or a tree stump. The mob has always behaved in this way – eagerly open to bribes that cannot be honorably accepted, and dissolutely callous to degradation and insult that cannot be honorably endured."
Étienne de la Boétie
http://www.mises.org/store/Politics-of-Obedience-P529.aspx?AFID=14
Étienne de la Boétie
http://www.mises.org/store/Politics-of-Obedience-P529.aspx?AFID=14
Rothbard on money
"To save our economy from destruction and from the eventual holocaust of run away inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy."
Murray Rothbard
http://www.lewrockwell.com/rothbard/rothbard200.html
Murray Rothbard
http://www.lewrockwell.com/rothbard/rothbard200.html
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