The nation as such is not a large subject that has needs, that works, practices economy, and consumes. . . . Thus the phenomena of โnational economyโ . . . are, rather, the results of all the innumerable individual economic efforts in the nation and . . . must also be theoretically interpreted in this light. . . .Whoever wants to understand theoretically the phenomena of โnational economyโ . . . must for this reason attempt to go back to their true elements, to the singular economies in the nation, and to investigate the laws by which the former are built up from the latter.
Ralph RaicoAs liberals, men like Richter viewed socialism as the great modern counter-revolution, and believed that the achievement of the socialist goal would lead both to appalling poverty and state absolutism. There was nothing in the socialist doctrine of the time that would suggest otherwise.
Ralph RaicoKeynes, far from being a wholehearted lover of freedom, viewed with some sympathy the fascist and Communist โexperimentsโ of the 1930s.
Ralph RaicoWinston Churchill was a man of blood and a politico without principle, whose apotheosis serves to corrupt every standard of honesty and morality in politics and history.
Ralph RaicoWith virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.
Ralph RaicoWhat is the free market? Well, the free market, [we're told] is really a terrible, inhuman kind of arrangement, because it treats people like commodities. But how does the government treat people? Like garbage-worse than garbage. Not like commodities, but like nothing. We libertarians understand that we are not humane, we are not compassionate. It's the leftists and the liberals, they're the ones who are human and compassionate, but you'd better not get in their way.
Ralph Raico