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Archive for May, 2010

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

–Ronald Reagan

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Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one’s government is not necessarily to secure freedom.

Friedrich von Hayek, Austrian-born economist and philosopher

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The late Austrian analyst Willie Schlamm once made a very profound statement, which went something like this…

The problem with socialism is socialism. The problem with capitalism is capitalists.

The more you ponder that statement, in fact, the more profound it becomes. Socialism is an evil creation that gains power as the individual loses it. Socialists throw around the word “fairness” like an open bottle of acid, always with bitterness and contempt when they do. Socialism says the individual is not capable of managing his or her own affairs, or those of their family. Only a monolithic beast can perform this monumental task “fairly.”

The problem with capitalism is capitalists. Ebbers, Madoff, Kazlowski, Skilling, Keating…the list is endless. There are those who put their own self interests ahead of others’, even if it means breaking the law. Unfortunately, instead of enforcing the laws which would have stopped them, this abhorrent behavior gives the elected elite a chance to point a finger at capitalism. And this gives them the opportunity for a new power grab, as it is obvious to them that individuals cannot be entrusted with this important duty. And then the entrenched, lifelong politicians–who have become very wealthy in their positions of power–begin to warm up to the fairness of socialism.  

Mike Hazell, PWM

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An appeaser is one who feeds a crocodile, hoping it will eat him last.

–Winston Churchill, British Prime Minister

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Man is not imprisoned by habit. Great changes in him can be wrought by crisis–once that crisis can be recognized and understood.

–Norman Cousins

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In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.

–John Adams, 2nd President of the United States

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Crisis is the rallying cry of the tyrant.

–James Madison, 4th President of the United States

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