Quote by Lew Rockwell on Private Enterprise and Government

„Private enterprise creates; government destroys. That is the great economic lesson of our times and all times.“

Llewellyn H. Rockwell Jr.Lew Rockwell on the economic roles of private enterprise and government: private enterprise creates, government destroys.
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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.

Lew Rockwell emphasizes the contrasting roles of private enterprise and government in economic development.


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Lew Rockwell quote about private enterprise and the role of government

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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Quote graphic featuring Lew Rockwell's views on government planning, human liberty, and the market economyCopyright © yoice.net – Quote Artwork
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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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There is nothing the state can do – Quote by Lew RockwellQuote by Lew Rockwell about the market doing what society needs better than the stateCopyright © yoice.net – Quote ArtworkLew Rockwell quote about the state as a source of disorder and chaosCopyright © yoice.net – Quote ArtworkQuote by Lew Rockwell on State, Disorder, and Chaos