Lew Rockwell: Market

Lew Rockwell is American libertarian author and editor. Explore interesting quotes on market.

Lew Rockwell: 24 quotes1 like

“The right path to health-care reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make health care run the same way as the post office. Obama seems to favor the latter path, even though he admits that it is the least well-performing one. This is surely the definition of fanaticism. If the mobs aren't angry, they should be.”

Lew Rockwell

13 August 2009, "Obama and the Post Office" http://www.lewrockwell.com/rockwell/obama-postoffice126.html <br class="br">2000s

“In the end, what is really needed is a fundamental rethinking of the notion that the state rather than private markets must monopolize the provision of justice and security. This is the fatal conceit. No power granted to the state goes unabused. This power, among all possible powers, might be the most important one to take away from the state.”

Lew Rockwell

As quoted in "The Police State Abolishes the Trial" http://mises.org/library/police-state-abolishes-trial, (30 September 2011), Mises Daily, The Ludwig von Mises Institute. <br class="br">2010s

“Stock markets are never better performing than during a hyperinflation. Interest rates are rock bottom, but only through artificial means. Gross Private Domestic Investment is still falling off a cliff, having already completely erased ten years of investment from the record of history. Here is a fundamental factor that suggests that terrible things are still to come our way. And I guess I'll have to put this in italics because the point seems to be lost in the shuffle: unemployment is still rising, even soaring straight to double digits!
The sociology of this intrigues me to no end. Unemployment is one of the human elements that journalists are supposed to glom onto. Oh, look at poor Bob and Jane and how they lost their jobs and have nowhere to go, etc., etc. Talk about human interest! Where are the weepy stories about the plight of people wandering around with no work? Instead, we get happy clappy stories about how things are not nearly as bad as they might be had the great and powerful Obama of Oz not appeared to save the day. There is also the remarkable spin that things are getting worse, yes, but at a slower pace than before – an observation that might be most commonly heard in Hell.”

Lew Rockwell

6 August 2009 "Obama and the Economy" http://www.lewrockwell.com/rockwell/obama-economy125.html <br class="br">2000s

“In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who believes it is better to work for $1 an hour rather than sit at home doing nothing is free to make that contract. In fact, a person who works for a negative wage—who pays for an internship, for example—is free to make that deal too.I propose to you, then, a definition of exploitation that comes from the writings of William H. Hutt: violence or threat of violence implied in the negotiation of anything affecting the life of a worker or employer. In that sense, the present system is exploitation. Workers are robbed of wages. Employers are robbed of profits. Poor people and young people especially are robbed of opportunity.”

Lew Rockwell

As quoted in "How to Fix the Jobs Problem" http://www.lewrockwell.com/rockwell/fix-jobs-problem140.html (29 January 2010). <br class="br">2010s