Quotes
an eclectic collection of quotations (unverified), sorted by category
individualism for the masses
BK Marcus is an amateur political economist with no formal education in the subject.
He works from Charlottesville, Virginia, as an editorial consultant for the Ludwig von Mises Institute.
He is no longer a house husband, nor a faculty spouse, but he is still a dilettante, and a layabout, at least in spirit.
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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
Ludwig von Mises: "The deal is always advantageous both for the buyer and the seller. Even a man who sells at a loss is still better off than he would be if he could not sell at all, or only at a still lower price." - Human Action
We are also seeing the complete vindication of the point that Hayek shook the world with in the Road to Serfdom. Writing during World War II when socialism seemed inevitable everywhere, Hayek warned that, in the long run, political and economic freedom go hand in hand. In particular, that "democratic socialism" is a contradiction in terms. A socialist economy will inevitably be dictatorial.
Murray N. Rothbard,
Making Economic Sense,
Chapter 100:
The Freedom Revolution
Benjamin Tucker Marcus
April 10, 2008