ddubb industries

Rational Economics

October 2nd, 2008 axiomatic, ecological, economic, technical

“Anyone who believes exponential growth can go on forever in a finite world, is either a madman or an economist.”

Kenneth Boulding
Economics professor (1910-1993)

“To blame this crisis on laissez faire is akin to blaming the death of a heroin junkie on exercise, eating right, and sobriety.”

Donald J. Boudreaux
Chairman, Department of Economics
George Mason University

“The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. You can’t stop a problem of too much spending and too much deficits and too much monetary inflation with more of it. So I’m positively opposed to the bailout and believe it will just delay the correction that is required. We need to correct the imbalances and if you interfere, you just delay it and make it more difficult and make the problems worse for ourselves.”

Congressman Ron Paul

“Forget back-door socialism: this was right through the front door. The consequences (of the $700 billion bailout) would have been dreadful and very scary. It was to be the first of many bailouts, since of course it cannot and would not work. Bad debts can’t be made good by legislation. This means that more money would be necessary, as the middle class was sucked dry by the vampire state for years to come.”

Llewellyn Rockwell
Economics Columnist

“The threat to liberty in the 21st century is the same as it has been throughout mankind’s history. That threat is use of the coercive powers of government, under the color of law, to take the rightful property of some people and give to others, and the forcible imposition of the will of one group of people on another group. Such acts, most often done in the name of good, explain the ugliest portions of human history. The question is whether America will degenerate into what has been mankind’s standard fare throughout history. We have yet to see the kind of arbitrary control, abuse and violation of basic human rights seen elsewhere. But if we ask ourselves which way are we heading, tiny steps at a time: toward more personal liberty or toward greater government control over our lives, the answer would unambiguously be the latter. We Americans face an awesome challenge and responsibility because if liberty dies here, it’s probably dead for all places and all times.

Dr. Walter Williams