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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.

Llewellyn Rockwell

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Llewellyn Rockwell
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More quotes by Llewellyn Rockwell

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Libertarianism is a theory of politics that is so compelling that once you have absorbed it, it becomes the lens through which you end up understanding all economic and political events.
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We like to imagine that in history, truth will prevail through sheer persuasive power. Sadly, this is not the case. Truth needs champions.
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The private sector is creating a miracle a day, even as the stuff that government attempts is failing left and right.
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There is nothing the state can do, and which society needs done, that cannot be done far better by the market.
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Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
Llewellyn Rockwell
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Among the most urgent political priorities of our age is the separation of economy and state.
Llewellyn Rockwell
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American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.
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Anything other than free enterprise always means a society of compulsion and lower living standards, and any form of socialism strictly enforced means dictatorship and the total state. That this statement is still widely disputed only illustrates the degree to which malignant fantasy can capture the imagination of intellectuals.
Llewellyn Rockwell
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What makes for the good society is a sound economy. Without it, all the rest falls apart.
Llewellyn Rockwell
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The state is and has been in history a source of disorder and chaos, and this problem gets worse the more the state grows.
Llewellyn Rockwell
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Profit is a signal that valuable services are being rendered to people on a voluntary basis.
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Above all, ascribe no decent motives to the federal government. Always and everywhere, it is the enemy of truth.
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In any government bureaucracy, they are not working for you but for the mythical blob called the 'public sector,' which is really nothing but a stash of stolen cash divided among the robber class.
Llewellyn Rockwell
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Money out of nothing is money that is eventually worth nothing.
Llewellyn Rockwell
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The state always poses a greater threat to society than whatever problem it purports to solve.
Llewellyn Rockwell
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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, just as a disarmed people are vulnerable to arbitrary power of every kind.
Llewellyn Rockwell
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Always and everywhere, the only serious political issue is what the state should and should not do. All the rest distracts.
Llewellyn Rockwell
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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 environment of freedom. The freedom to own, to make contracts, to save, to invest, to associate, and to trade: these are the key to prosperity.
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The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.
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What we need is a new consciousness concerning the idea of human liberty.
Llewellyn Rockwell