A Quote by Llewellyn Rockwell

If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.

Llewellyn Rockwell

Quote Topics

Created Credit Earth Expansion Government Government Spending Heaven Heaven On Earth Long Long Ago Mankind Path Prosperity Protectionism Spending Were Would

Quote Author

Llewellyn Rockwell
American - Author
Born: July 1, 1944

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

Ludwig von Mises

Heaven is long-enduring, and earth continues long. The reason why heaven and earth are able to endure and continue thus long is because they do not live of, or for, themselves.

Lao Tzu

We must take away the government's credit card. With limits on both tax revenue and borrowing, the Federal government would finally be forced to get serious about spending cuts

Alan Keyes

We must take away the government's credit card. With limits on both tax revenue and borrowing, the Federal government would finally be forced to get serious about spending cuts.

Alan Keyes

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

Marc Faber

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

Ludwig von Mises

The holy heaven yearns to wound the earth, and yearning layeth hold on the earth to join in wedlock; the rain, fallen from the amorous heaven, impregnates the earth, and it bringeth forth for mankind the food of flocks and herds and Demeter's gifts; and from that moist marriage-rite the woods put on their bloom.

Aeschylus

The plan was for Jesus to come to Earth two thousand years ago with a pocketful of miracles and souls for the people who were then alive. After his return to heaven from Earth he is going to build those mansions, come back before his generation dies out, finally put an end to the world which has been such a rotten disappointment, and deposit most of these souls in hell. No wonder heaven is only 12,000 furlongs wide, long, and high.

Ruth Hurmence Green

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.

Ludwig von Mises

The analysis in the era of Ronald Reagan and Margaret Thatcher was that government was interfering with the efficiency of the economy through protectionism, government subsidies, and government ownership. Once the government "got out of the way," private markets would allocate resources efficiently and generate robust growth. Development would simply come.

Joseph Stiglitz

If the US Government was a family—they would be making $58,000 a year, spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.

Dave Ramsey

If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.

Thomas Sowell

Where Scripture speaks of the world's creation, it is not plainly said whether or when the angels were created; but if mention is made, it is implicit under the name of "heaven," when it is said, "In the beginning God created the heavens and the earth."

Saint Augustine

Laying the groundwork for smaller, smarter government, especially at the federal level, is going to be tough. But it is essential for getting us back on the path to long-term prosperity.