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“In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.”
― John Maynard Keynes

“There is one good thing about Marx: he was not a Keynesian”
― Murray N Rothbard

“Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an action, by causing us to feel them; and we cannot fail to finish by knowing that fire burns, if we have burned ourselves. For this rough teacher, I should like, if possible, to substitute a more gentle one. I mean Foresight. For this purpose I shall examine the consequences of certain economical phenomena, by placing in opposition to each other those which are seen, and those which are not seen.”
― Frédéric Bastiat

“People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.”
― Ayn Rand

“This book (Jarod Kintz's book) is trash. I mean, I assume it is, because that's where I found it while scrounging for lunch. However, I must admit that I haven't read it. I would have, but I am homeless, mainly due to my illiteracy (though Big Government, Keynesian monetary policy, and my struggle with alcoholism certainly played a large role).”
― Dora J. Arod

“The individualist insists that drastic depressions are the result of credit inflation; (not excessive savings, as the Keynesians would have it) which at all times in history has been caused by direct government action or by government influence. As for aggravated unemployment, the individualist insists that it is exclusively the result of government intervention through inflation, wage rigidities, burdensome taxes, and restrictions on trade and production such as price controls and tariffs. The inflation that comes inevitably with government pump-priming soon catches up with the laborer, wipes away any real increase in his wages, discourages private investment, and sets off a new deflationary spiral which can in turn only be counteracted by more coercive and paternalistic government policies. And so it is that the "long run" is very soon a-coming, and the harmful effects of government intervention are far more durable than those that are sustained by encouraging the unhampered free market to work out its own destiny.”
― William F. Buckley Jr., God and Man at Yale: The Superstitions of 'Academic Freedom'

“The electoral victories of Thatcher (1979) and Reagan (1980) are often viewed as a distinctive rupture in the politics of the postwar period. I understand them more as consolidations of what was already under way throughout much of the 1970s. The crisis of 1973-5 was in part born out of a confrontation with the accumulated rigidities of government policies and practices built up during the Fordist-Keynesian period. Keynesian policies had appeared inflationary as entitlements grew and fiscal capacities stagnated. Since it had always been part of the Fordist political consensus that redistributions should be funded out of growth, slackening growth inevitably meant trouble for the welfare state and the social wage.”
― David Harvey, The Condition of Postmodernity: An Enquiry into the Origins of Cultural Change