A Quote by Ludwig von Mises
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.
American press, like the press in many countries, acts like a cheerleader to our government rather than a critical observer. This is especially true, when it comes to foreign interventions. That means that when government leaders conclude that intervention in a foreign country is justified, the press rarely criticizes it. In fact, the press has been an enthusiastic cheerleader for many of our foreign interventions.
It comes down to the simple idea that government has grown substantially under Barack Obama, and government has been a failure in American's lives, and Hillary Clinton wants to grow government even further. I think Donald Trump wants to restrain government and shrink government.
The idea that the largest banks in the world would simultaneously fail, need government support, government guarantees, and/or government intervention to survive was not in my range of realistic scenarios.
Big government intervention creates as many problems as it solves - that was the lesson of Obamacare.
My experience in government is there is a whole host of unintended consequences you have to think through. I can't un-know that, I find it harder now to offer simple solutions.
The flow of action continually produces consequences which are unintended by actors, and these unintended consequences also may form unacknowledged conditions of actions in a feedback fashion. Human history is created by intentional activities but is not an intended project; it persistently eludes efforts to bring it under conscious direction.
Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to every man whatever is his own.
Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that intervention has been welcomed by the captains of finance and industry. They had no quarrel with "big government" when it served their needs.
It's that government bureaucracies crush innovation. We are falling further and further behind in our government.
Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.
If there is one lesson for U.S. foreign policy from the past 10 years, it is surely that military intervention can seem simple but is in fact a complex affair with the potential for unintended consequences.
It's been said that government doesn't create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand.
The legislator should direct his attention above all to the education of youth; for the neglect of education does harm to the constitution. The citizen should be molded to suit the form of government under which he lives. For each government has a peculiar character which originally formed and which continues to preserve it. The character of democracy creates democracy, and the character of oligarchy creates oligarchy.
Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.
You cannot choose between party government and Parliamentary government. I say, you can have no Parliamentary government if you have no party government; and, therefore, when gentlemen denounce party government, they strike at the scheme of government which, in my opinion, has made this country great, and which I hope will keep it great.
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