Tuesday, June 06, 2006
CONGRATULATIONS - CAPITALISM DAY - 6th OF JUNE - LETS' CELEBRATE LAISSEZ FAIRE
"Education is the best provision for the journey to old age."
"The improvement of understanding is for two ends: first, our own increase of knowledge; secondly, to enable us to deliver that knowledge to others."
"It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy...What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage."
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure."
"They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers. The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else."
"Individualism resulted in the fall of autocratic government, the establishment of democracy, the evolution of capitalism, technical improvements, and an unprecedented rise in standards of living. It substituted enlightenment for old superstitions, scientific methods of research for inveterate prejudices."
LUDWIG von MISES
"The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve the “common good”. It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with mans rational nature, that it protects mans survival qua man, and that its ruling principle is: justice."