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“Capitalism was the only system in history where wealth was not acquired by looting, but by production, not by force, but by trade, the only system that stood for man's right to his own mind, to his work, to his life, to his happiness, to himself.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“the belief that public works necessarily create new jobs is false. If the money was raised by taxation, we saw, then for every dollar that the government spent on public works one less dollar was spent by the taxpayers to meet their own wants, and for every public job created one private job was destroyed.”
― Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
― Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
“The right to agree with others is not a problem in any society; it is the right to disagree that is crucial.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind? The organizers maintain that society, when left undirected, rushes headlong to its inevitable destruction because the instincts of the people are so perverse. The legislators claim to stop this suicidal course and to give it a saner direction. Apparently, then, the legislators and the organizers have received from Heaven an intelligence and virtue that place them beyond and above mankind; if so, let them show their titles to this superiority.”
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“The function of profits, finally, is to put constant and unremitting pressure on the head of every competitive business to introduce further economies and efficiencies, no matter to what stage these may already have been brought.”
― Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
― Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
William’s 2025 Year in Books
Take a look at William’s Year in Books, including some fun facts about their reading.
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