Albert J. Nock Quote

It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.

Albert J. Nock

It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.

Tags: capitalism

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About Albert J. Nock

Albert Jay Nock (October 13, 1870 – August 19, 1945) was an American libertarian author, editor first of The Freeman and then The Nation, educational theorist, Georgist, and social critic of the early and middle 20th century. He was an outspoken opponent of the New Deal, and served as a fundamental inspiration for the modern libertarian and conservative movements, cited as an influence by William F. Buckley Jr. He was one of the first Americans to self-identify as "libertarian". His best-known books are Memoirs of a Superfluous Man and Our Enemy, the State.