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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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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.
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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
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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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Above all, ascribe no decent motives to the federal government. Always and everywhere, it is the enemy of truth.
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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.
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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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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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The state is and has been in history a source of disorder and chaos, and this problem gets worse the more the state grows.
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To centralize power in the name of freedom is akin to putting a crime syndicate in charge of rooting out corruption. It is the normal state of politics that the more centralized it is, the more damage it does. Fast-track authority [for government-to-government trade agreements] centralizes power and is therefore part of the problem.
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What we need is a new consciousness concerning the idea of human liberty.
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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.
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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The state always poses a greater threat to society than whatever problem it purports to solve.
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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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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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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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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Money out of nothing is money that is eventually worth nothing.
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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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