Wolf von Laer Quotes

5 Sourced Quotes

Businesses face more uncertainty through the rapidly changing rules of the game. This hits smaller and medium sized businesses more than bigger ones.

Wolf von Laer

Every form of government, regardless of it being social-democratic, socialist, or capitalist, needs growth. Growth means in its simplest form that more things are produced with fewer things being consumed during the process. This is the only way to prosperity which implies a greater abundance of goods and services while fewer resources are used up.

Wolf von Laer

An economy that has to adapt to the new economic realities after the bursting of the housing bubbles needs time to recover. This recovery has been made more difficult by a variety of different government activities.

Wolf von Laer

If an inventor finds an ingenious way that engines use only half the amount of oil during combustion then human kind has increased its oil resources tremendously. This is an example of growth without the consumption of more resources.

Wolf von Laer

Growth requires the three Ps: Property Rights, Prices, and Profit and Loss to achieve the three Is of Innovation, Information, and Incentives. Too much government activity disturbs the rules of the game and undermines property rights.

Wolf von Laer