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Thought For The Day

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
The one enduring political folly is to concentrate in the hands of ambitious men power that they do not have the restraint to exercise wisely.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
The reformer…is usually disposed to believe that improvement can be imposed by government fiat…placing great confidence in the coercive power of the State.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
There are many Americans who attest their willingness to accept political dictatorship, if the State will only furnish them with periodic handouts and otherwise show continuous benevolence in the ordering of their lives.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
Social strength can be diminished by a constant centralization and enlargement of governmental functions, the great majority of which are unproductive and…weaken the economic basis by the cumulative effects of regulation and taxation.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
Social legislation is a sign of retrogression, not progress. It should be obvious that there has been widespread individual failure if humanitarianism has to be enforced by disciplinary governmental action.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
One should not require personal experience with ration cards and queues and bureaucratic bungling to appreciate the practical superiority of the free enterprise system over any form of State-directed economic planning.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
Enlargement of the area of State authority therefore does not enlarge, but definitely contracts, the condition of economic freedom…this false god over every form of social organism is enormous and devastating.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
The tendency of the American people to turn to political authority for the solution of their economic problems was tragic…because there is no solution…in this fancied remedy…once a people are lost in the recesses of this blind alley, they will learn that it is almost impossible to find a way out.

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
To transfer power to the State…serves only to monopolize power in wholly irresponsible hands…

Thought for the day

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From the book Power in the People by Felix Morley, as linked by Gary Galles at the Ludwig von Mises Institute:
The market does not become more humane under the direction of the amoral institution that we have seen the State to be.