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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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Llewellyn Rockwell
Thing
Market
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More quotes by 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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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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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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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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One ironic legacy of the Clinton administration is the rearming of the American citizenry. Each time Clinton and his friends in Congress threaten another round of anti-gun regulations, the American people respond by stocking up.
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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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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Let every nation, right now, do what is best for all citizens of the world: eliminate every form of intervention that would prevent or otherwise hobble mutually beneficial trade between any two parties anywhere in the world. No bureaucracy can help us toward that goal it must come from a growing realization of the merit of freedom itself.
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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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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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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Profit is a signal that valuable services are being rendered to people on a voluntary basis.
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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Money out of nothing is money that is eventually worth nothing.
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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Capitalism, and capitalism alone, has rescued the human race from degrading poverty, rampant sickness and early death.
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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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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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 always poses a greater threat to society than whatever problem it purports to solve.
Llewellyn Rockwell