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Quotation of the Day…

… is from page 6 of Benjamin Rogge’s October 1962 speech titled “The Case for Economic Freedom,” as this essay is reprinted in A Maverick’s Defense of Freedom, the 2010 collection of Rogge’s essays that is edited by Dwight Lee:

UnknownIn other words, economic freedom is part of total freedom; if freedom is an end in itself, as our society has traditionally asserted, then economic freedom is an end in itself, to be valued for itself alone and not just for its instrumental value in serving other goals.

If this thesis is accepted, there must always exist a tremendous presumption against each and every proposal for governmental limitation of economic freedom.  What is wrong with a state system of compulsory social security?  It denies to the individual his freedom, his right to choose what he will do with his own money [and] resources.  What is wrong with a governmentally enforced minimum wage?  It denies to the employer and the employee their individual freedoms, their individual rights to enter into any voluntary relationship not involving force or fraud.  What is wrong with a tariff or an import quota?  It denies to the individual consumer his right to buy what he wishes, wherever he wishes.


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