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Thomas DiLorenzo Biography

Thomas DiLorenzo

Thomas James DiLorenzo (/dɪləˈrɛnzoʊ/; born August 8, 1954) is an American economics professor at Loyola University Maryland Sellinger School of Business. He identifies himself as an adherent of the Austrian School of economics. He is a research fellow at The Independent Institute, a senior fellow of the Ludwig von Mises Institute, Board of Advisors member at CFACT, and an associate of the Abbeville Institute. He holds a Ph.D. in Economics from Virginia Tech.

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Thomas DiLorenzo Quotes

The purpose of government is for those who run it to plunder those who do not.

Government, Plunder, Purpose, Running

I agree with Clyde Wilson that America can’t be saved or returned to its roots until the Republican Party is destroyed.

Agree, America, Party, Republican, Roots

The biggest roadblock to middle-class economic advancement is that governments confiscate more than a third of all family income. Each year the average American taxpayer works 127 days - from January 1 until May 7 - just to pay taxes.

Average, Family, Government, Year, Years

Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat.

1913, Cat, Independent, Policy, Reality

Peaceful secession and nullification are the only means of returning to a system of government that respects rather than destroys individual liberty.

Government, Mean, Peaceful, Respects, System

America's universities are filled with economically ignorant haters of the free market, so university campuses have become major forums for union denunciations of such companies as Nike, Wal-mart, and others. Faculty and students claim to be concerned about 'social justice,' but they are simply being used as dupes by unions who are not at all concerned with justice of any sort. Rather, their main concern is increasing the coffers of union treasuries by driving non-union competitors from the market.

America, Economically, Justice, Nike, Social, Unions

Isn't the whole idea behind the massive regulation and regimentation of American industry and society the notion that individuals should be forced to behave in ways defined by a small governmental elite?

Ideas, Regulation, Small, Society, Way, Whole

The founders understood that democracy would inevitably evolve into a system of legalized plunder unless the plundered were given numerous escape routes and constitutional protections such as the separation of powers, the Bill of Rights, election of senators by state legislators, the electoral college, no income taxation, most governmental functions performed at the state and local levels, and myriad other constitutional limitations on the powers of the central government.

College, Electoral, Government, Income, Rights, State

Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods. . . . Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas artisans had previously produced their goods and wares mostly for the aristocracy. Under capitalism every business wants to cater to the masses, for that is where the money is.

Aristocracy, Business, Cater, Cheaply, Class, Quality

It is no coincidence that some of America's most lethargic industries-steel, footwear, rubber, textiles-are also among the most heavily protected.

America, Among, Heavily, Rubber, Steel, Textiles

Friedrich Hayek made the point that one of the keystones of socialism is the denial of individual responsibility. Thus, the crusade for socialism always included attacks on individual responsibility. For if individuals do not have free will, and are not responsible for their actions, then their lives must be controlled somehow - preferably by the state - according to the socialists. They must be regulated, regimented and controlled - for their own good.

Action, Denial, Friedrich, Point, Responsibility