FastSaying

All action is an attempt to exchange a less satisfactory state of affairs for a more satisfactory one.

Murray Rothbard

Murray Rothbard

ActionAffairsAttemptExchangeLessMoreSatisfactoryState

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Leading the boom of 1838 were state governments, who, finding themselves with the unexpected windfall of a distributed surplus from the federal government, proceeded to spend the money wildly and borrow even more extravagantly on public works and other uneconomic forms of 'investment.'
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Economics has revealed a great truth about the natural law of human interaction: that not only is production essential to man's prosperity and survival, but so also is exchange.
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The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it.
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