Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy. — Sheldon Richman Copy Share Image
Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social… — Sheldon Richman Copy Share Image
The alternative to the market process is government control, and we know where that principle leads. — Sheldon Richman Copy Share Image
Those who create the wealth naturally want to keep it and devote it to their own purposes. Those who wish to expropriate it look… — Sheldon Richman Copy Share Image
Government interference with the economic process represents a substitution of political for consumer objectives. — Sheldon Richman Copy Share Image
Perhaps the deterioration of American education is illustrated by the high correlation between the number of years a person has attended school and his… — Sheldon Richman Copy Share Image
The government's coercive taxing power necessarily creates two classes: those who create and those who consume the wealth expropriated and transferred by that power. — Sheldon Richman Copy Share Image
Why is Netanyahu pushing war? Among several reasons, demonizing Iran reduces pressure on Israel to negotiate seriously with the Palestinians. Many Israelis prefer building… — Sheldon Richman Copy Share Image
When government 'creates jobs' by taking money from the private sector and 'investing' in favored projects, it is not truly productive activity. Rather, the… — Sheldon Richman Copy Share Image
No matter how much the government controls the economic system, any problem will be blamed on whatever small zone of freedom that remains. — Sheldon Richman Copy Share Image
Apologists for activist government never tire of telling us that the benevolent state is our protector and that without it wed be at the… — Sheldon Richman Copy Share Image
It should go without saying that even the most narrowly construed eminent-domain power would violate individual rights. Either a person owns his legitimately acquired… — Sheldon Richman Copy Share Image
In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions. — Sheldon Richman Copy Share Image
We must acknowledge, of course, that what looks like failure to us Americans outside the privileged elite may not actually be failure for our… — Sheldon Richman Copy Share Image
