La miseria del intervencionismo Quotes

“El gobierno seguirá creciendo como un cáncer, succionando la riqueza y la libertad de nuestro país hasta que las leyes de la economía no puedan seguir siendo ignoradas. Ron Paul”
― Axel Kaiser, La miseria del intervencionismo: 1929-2008

“the only way in which a whole country may save is by reducing its consumption.  Consumption is therefore the destruction of wealth, whereas savings makes it possible to multiply it. Let us take a similar example to that given by the great Austrian economist, Eugen von Böhm-Bawerk, to illustrate how underconsumption —savings— is what permits the formation of the so-called “capital goods”, which are so necessary to increase productivity as well as future consumption.[12]”
― Axel Kaiser, Interventionism and Misery: 1929-2008

“Let us then move on to what may be considered as the mother of all anticapitalist myths: the idea that the so called “business cycles” are intrinsic to capitalism. ”
― Axel Kaiser, Interventionism and Misery: 1929-2008

“Needless to say, this idea that the origin of prosperity is hard work and frugality was exhaustively formulated by Adam Smith in The Wealth of Nations.  Among the many reflections that highlight this idea of Smith’s, the following is very much to the point: ‘It seldom happens, however, that great fortunes are made even in great towns by any one regular, established, and well-known branch of business, but in consequence of a long life of industry, frugality, and attention”.  Smith believed that the same was applicable to a whole country, whose prosperity depended on frugality, economic freedom and disposition towards hard work.”
― Axel Kaiser, Interventionism and Misery: 1929-2008

“the primordial artifact- of the Kaaba of canonical economics today is the claim that the free market somehow caused, and failed to cure, the Great Depression. ”
― Axel Kaiser, Interventionism and Misery: 1929-2008