Lew Rockwell Quote on Government, Market, and Prosperity

„The larger the government, the more our livings standards are reduced. We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year - not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being.“

Llewellyn H. Rockwell Jr.Lew Rockwell emphasizes the impact of government size and free markets on economic prosperity.
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Llewellyn H. Rockwell Jr. is an American economist and libertarian author known for his work on the Austrian School of Economics and libertarian philosophy.

This quote reflects a libertarian perspective on economic well-being in relation to government size and free market progress.


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Lew Rockwell quote about government growth, free enterprise, markets, and economic prosperity

Llewellyn H. Rockwell Jr. (born 1944) is a prominent figure of the Austrian School of Economics and a leading libertarian thinker in the United States. He is founder and chairman of the Ludwig von Mises Institute and an influential author advocating for free markets and minimal state intervention.

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"The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline." Milton Friedman
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"Government planning not only fails; it tends to produce outcomes that are the opposite of what its proponents say that they favor. The only stable and productive social system is one that embraces human liberty in its totality, and defends the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive." Lew Rockwell
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"We are unable to even conceive of the immeasurable achievements, progress, and discoveries of mankind that would be attainable in an entrepreneurial environment freed from all etatism. The creative power of human nature is such that it can take root and flourish even in the narrowest crevices left by the state. But when people realize the essentially perverse nature of the state that coerces them and perceive the immeasurable possibilities that are taken away from them day after day by blocking the driving force of their entrepreneurial creativity, then social protest will increase. Then there will be calls for reforms, for dismantling the state, and for steps toward a future that we don't even know today, but that will inevitably lift human civilization to previously unimaginable heights." Jesús Huerta de Soto
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