Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2013-07-01 Jul 1, 2013The theory of natural monopoly is an economic fiction. No such thing as a 'natural' monopoly has ever existed. The history of the so-called public utility concept is that the late 19th and early 20th-century 'utilities' competed vigorously, and like all other industries, they did not like competition. They first secured government-sanctioned monopolies, and then, with the help of a few influential economists, they constructed an ex post facto rationalization for their monopoly power. ... The theory of natural monopoly is a 19th-century economic fiction that defends 19th-century (or 18th-century, in the case of the U.S. Postal Service) monopolistic privileges and has no useful place in the 21st-century American economy.~ Thomas J. DiLorenzoLet monopolies and all kinds and degrees of oppression be carefully guarded against.~ Samuel WebsterYou say that I have been dished up to you as an anti-federalist, and ask me if it be just. My opinion was never worthy enough of notice to merit citing; but since you ask it, I will tell it to you. I am not a federalist. ... What I disapproved from the first moment also, was the want of a bill of rights, to guard liberty against the legislative as well as the executive branches of the government; that is to say, to secure freedom in religion, freedom of the press, freedom from monopolies, freedom from unlawful imprisonment, freedom from a permanent military, and a trial by jury, in all cases determinable by the laws of the land.~ Thomas Jefferson Jun 28, 2013To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies -- these tasks provide a wide and unquestioned field for state activity.~ Friedrich August von HayekSuum cuique [To each his own, to each according to his merits.]~ Latin Proverb[Trade licensing] almost inevitably becomes a tool in the hands of a special producer group to maintain a monopoly position at the expense of the rest of the public. There is no way to avoid this result.~ Milton Friedman Jun 27, 2013When you run in debt; you give to another power over your liberty.~ Benjamin FranklinAvoid occasions of expense ... and avoid likewise the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear.~ George WashingtonThe consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.~ John Adams Jun 26, 2013Note, however, that trying to ban guns because of strong moral disapproval of them or because of claims that they are 'scary' or that they may be used in crimes would not constitute a 'compelling state interest' any more than an attempt to restrain publication of a book on moral grounds would be. The concept of a 'compelling state interest' cannot swallow up the very right guaranteed in the first place.~ Brannon P. DenningLike ‘em or hate ‘em, these once peaceful gun owners of the ‘90s are feeling a lot like Jews of 1939 Germany. Maligned, lied about, persecuted and threatened. Afraid, confused and angry.~ Claire WolfeFortunately, there is a weapon for preserving life and liberty that can be wielded effectively by almost anyone -- the handgun. Small and light enough to be carried habitually, lethal, but unlike the knife or sword, not demanding great skill or strength, it truly is the 'great equalizer.' Requiring only hand-eye coordination and a modicum of ability to remain cool under pressure, it can be used effectively by the old and the weak against the young and the strong, by the one against the many.~ Jeffrey R. Snyder Jun 25, 2013Collectivism is a doctrine that holds that the individual has no rights, and the ultimate standard of value is the group to which 'he belongs.' Racism is the lowest, most crudely primitive form of collectivism. It is the notion of ascribing moral, social or political significance to a man’s genetic lineage—the notion that a man’s intellectual and characterological traits are produced and transmitted by his internal body chemistry. Which means, in practice, that a man is to be judged, not by his own character and actions, but by the characters and actions of a collective of ancestors. Racism claims that the content of a man’s mind (not his cognitive apparatus, but its content) is inherited; that a man’s convictions, values and character are determined before he is born, by physical factors beyond his control. This is the caveman’s version of the doctrine of innate ideas -- or of inherited knowledge -- which has been thoroughly refuted by philosophy and science. Racism is a doctrine of, by and for brutes. It is a barnyard or stock-farm version of collectivism, appropriate to a mentality that differentiates between various breeds of animals, but not between animals and men. Like every form of determinism, racism invalidates the specific attribute which distinguishes man from all other living species: his rational faculty. Racism negates two aspects of man’s life: reason and choice, or mind and morality, replacing them with chemical predestination.~ Ayn Rand Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print