The combination of price controls with this further set of … - George Reisman

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The combination of price controls with this further set of controls constitutes the de facto socialization of the economic system. For it means that the government then exercises all of the substantive powers of ownership.

George Reisman

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About George Reisman

George Gerald Reisman (born January 13, 1937) is an American economist and political author.

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Alternative Names: George Gerald Reisman

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Ludwig von Mises L.K. Samuels Richard Overy John T. Flynn Fritz Thyssen

Additional quotes by George Reisman

Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.

In any type of socialist state, Nazi or Communist, the government's economic plan is part of the supreme law of the land.

The enforcement of price controls requires a government similar to that of Hitler's Germany or Stalin's Russia, in which practically anyone might turn out to be a police spy and in which a secret police exists and has the power to arrest and imprison people.

The combination of price controls with this further set of controls constitutes the de facto socialization of the economic system. For it means that … - George Reisman

About George Reisman

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Additional quotes by George Reisman