Ayn Rand on Economic Depressions and Government Intervention

„All depressions are caused by government interference and the cure is always offered to take more of the poison that caused the disaster. Depressions are not the result of a free economy.“

Ayn RandAyn Rand criticizes government intervention and interprets economic depressions from a strongly free-market perspective.
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Ayn Rand was a Russian-American philosopher and writer known for her philosophy of Objectivism.

Ayn Rand presents a pointed critique of government intervention and a strongly free-market perspective on economic depressions.


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Ayn Rand quote about economic depressions, free economies, and government intervention

Ayn Rand (1905–1982) was a Russian-born American novelist and philosopher best known for her novels "Atlas Shrugged" and "The Fountainhead." She developed the philosophy of Objectivism, which emphasizes reason, individualism, and capitalism as moral ideals.

Quote image featuring Harry Browne on the consequences of government programsCopyright © yoice.net – Quote Artwork
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"The bad consequences of a government program usually don't show up immediately. And the delay may be long enough to hide the connection between the program and its results. So government never has to say it's sorry - never has to take responsibility for ht misery it causes. Instead it can blame everything on personal greed, profit-hungry corporations, and the 'private sector.' And the government's cure for the problems is to impose bigger programs, more regulation and higher taxes." Harry Browne
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Ayn Rand quote about inflation, government monetary policy, and deficit spendingCopyright © yoice.net – Quote Artwork
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"Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments." Ayn Rand
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