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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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Money out of nothing is money that is eventually worth nothing.
Llewellyn Rockwell
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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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The state always poses a greater threat to society than whatever problem it purports to solve.
Llewellyn Rockwell
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Socialized medicine must fail for the same reasons all socialism must fail: it offers no system for rationally allocating resources, and instead promotes the overutilization of all resources, ending in bankruptcy.
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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The private sector is creating a miracle a day, even as the stuff that government attempts is failing left and right.
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.
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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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 have to face. Liberty is for the citizens to guard themselves.
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.
Llewellyn Rockwell
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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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There is nothing the state can do, and which society needs done, that cannot be done far better by the market.
Llewellyn Rockwell
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What we need is a new consciousness concerning the idea of human liberty.
Llewellyn Rockwell
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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.
Llewellyn Rockwell
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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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Above all, ascribe no decent motives to the federal government. Always and everywhere, it is the enemy of truth.
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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The state is a vast enterprise for declaring all sorts of things legal for itself that would be illegal for us.
Llewellyn Rockwell
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Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.
Llewellyn Rockwell