All the perplexities, confusions, and distress in America arise, not from defects in their Constitution or Confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation. —John Adams
As early as 2010, 43% of all poor households owned their own homes. The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage and a porch or patio. Eighty percent of poor households have air conditioning. The typical poor American has more living space than the average non-poor individual living in Paris, London, Vienna, Athens and other cities throughout Europe. Ninety-seven percent of poor households have one or more color televisions — half of which are connected to cable, satellite or a streaming service. Some 82% of poor families have one or more smartphones. Eighty-nine percent own microwave ovens and more than a third have an automatic dishwasher. Most poor families have a car or truck and 43% own two or more vehicles. —Walter Williams
Capitalism reveals everything.
It reveals who works.
It reveals who improves.
It reveals who takes care of their best employees and who doesn’t.
It reveals who’s creative.
It reveals who thinks the biggest.
It reveals who doesn’t want to pull their own little red wagon instead they want you to pull it.
—Patrick Bet-David
The business cycle is brought about, not by any mysterious failings of the free market economy, but quite the opposite: By systematic intervention by government in the market process. Government intervention brings about bank expansion and inflation, and, when the inflation comes to an end, the subsequent depression-adjustment comes into play. —Murray Rothbard
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. —Murray Rothbard
It is hardly “charity” to take wealth by force and hand it over to someone else. Indeed, this is the direct opposite of charity… Compulsory confiscation can only deaden charitable desires completely, as the wealthier grumble that there is no point in giving to charity when the State has already taken on the task. —Murray Rothbard
Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and private enterprise, we must assert that the State is profoundly and inherently anti-capitalist. —Murray Rothbard
I think that as you get older you just trust the government less at running anything. —Vince Vaughn
Government has a habit of blaming the private sector for its own failings while taking credit for advances we in fact owe to the private sector. —Tom Woods
As America dips its toe even further into an age of intolerance and the suppression of individual liberties and freedom of expression, it serves one well to read The Anti-Capitalistic Mentality by Ludwig Von Mises. —Rob Schneider