“In these times of upheaval and wonder, even capitalism - that most odious of words, so greatly feared by Latin American politicians - is starting to wend its way ever so subtly and delicately into our public vocabulary. Shorn of frightening old connotations, it comes down objectively to this: it is the system that, despite its limitations and flaws, has made possible the greatest progress in collective welfare, social security, human rights, and individual liberty that history has ever seen.”
Mario Vargas Llosa, speaking at the 1991 Democracy Commission conference. As recorded in David Boaz’s The Libertarian Reader
“As Robert Nozick pointed out, goods and entitlements-to-goods are created simultaneously; without the entitlements there would be no goods. The size of the cake is not predetermined. No one plans the distribution effected by market forces. There is no guiding intelligence. So, as Friedrich von Hayek argued, it is strictly meaningless to think of a distribution as fair or unfair. It just is.”
Paternalist Government is Out of Date, from David Boaz’s The Libertarian Reader
Prof. Davies says the student loan market has all the same ingredients as the housing market, only the student loan crisis will be MUCH worse! Find out why in this interesting video from Economic Freedom.
“The delusion of the day is to enrich all classes at the expense of each other; it is to generalize plunder under pretense of organizing it. Now, legal plunder may be exercised in an infinite multitude of ways. Hence come an infinite multitude of plans for organization; tariffs, protection, perquisites, gratuities, encouragements, progressive taxation, free public education, right to work, right to profit, right to wages, right to assistance, right to instruments of labor, gratuity of credit, etc., etc. And it is all these plans, taken as a whole, with what they have in common, legal plunder, that takes the name of socialism.”