Quote

Transfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People respond to a reduced cost of idleness by choosing to be idle more often.

Robert Higgs

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Robert Higgs
Age: 80
Born: 1944
Born: February 1
Economist
People
Respond
Discouraging
Investing
Payment
Potential
Idleness
Income
Reduced
Recipients
Cost
Earning
Payments
Present
Choosing
Discourage
Future
Idle
Transfer
Often
Earn
Transfers

More quotes by Robert Higgs

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Intervene globally, lose freedom locally.
Robert Higgs
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Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people.
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This is the true lesson of our history: war, preparation for war, and foreign military interventions have served for the most part not to protect us, as we are constantly told, but rather to sap our economic vitality and undermine our civil and economic liberties.
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By adopting programs to distribute substantial amounts of income, a nation guarantees that its government will become more powerful and invasive in other ways.
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The legacy of the New Del was, more than anything else, a matter of ideological change. Henceforth, nearly everyone would look to the federal government for solutions to problems great and small, real and imagined, personal as well as social.
Robert Higgs
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When American presidents prepare for foreign wars, they lie.
Robert Higgs
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...History shows that ... (people) can be deflected from their natural tendencies by artful propaganda, bogus crises, or other political trickery.
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Of course, political leaders are much more ambitious than gangsters. The latter are content to take your money, whereas the former, besides taking far more of your money, have the effrontery to violate your just rights whenever their convenience dictates.
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Without popular fear, no government would endure more than twenty-four hours.
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To continue on the road we Americans have traveled for the past century is ultimately to deliver ourselves completely into the hands of an unlimited government. We can have a free society or a welfare state. We cannot have both.
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Once a bureau is created, its staff becomes a tenacious political interest group, well placed to defend its budget and to make a case for expanding its activities.
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It is a sound interpretive rule...that anything that cannot be accomplished except with the aid of threats or the actual exercise of violence against unoffending persons cannot be beneficial to one and all.
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Any society that entails the strengthening of the state apparatus by giving it unchecked control over the economy, and re-unites the polity and the economy, is an historical regression. In it there is no more future for the public, or for the freedoms it supported, than there was under feudalism.
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In debates between anarchists and statists, the burden of proof clearly should rest on those who place their trust in the state. Anarchy's mayhem is wholly conjectural the state's mayhem is undeniably, factually horrendous.
Robert Higgs
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Liberty in the United States will never be reestablished so long as elites and masses alike look to the president to perform supernatural feats and therefore tolerate a virtually unlimited exercise of presidential power. Until we can restore limited, constitutional government in this country, God save us from great presidents.
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Abetted by misguided or co-opted intellectuals, the rulers weave a cloak of legitimacy to disguise their theft and hence to ease their extraction of wealth from the rightful owners.
Robert Higgs
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No doubt, anarchy, once established, might not last forever. But if your house is on fire, the sensible course of action is to put out the fire, even though this extinguishment provides no guarantee that the house will never catch fire again.
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