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If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it private enterprise on well tried principals of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is.
--
Book 3, Chapter 10, Section 6, p. 129

 

John Maynard Keynes

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The question will be asked and ought to be looked at, what is to be the resource if loans cannot be obtained? There is but one, "Carthago delenda est." Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. It is the only fund on which they can rely for loans; it is the only resource which can never fail them, and it is an abundant one for every necessary purpose. Treasury bills, bottomed on taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation will take the place of so much gold and silver, which last, when crowded, will find an efflux into other countries, and thus keep the quantum of medium at its salutary level. Let banks continue if they please, but let them discount for cash alone or for treasury notes.

 

Thomas Jefferson

 

Though the framework is libertarian and laissez-faire,individual communities within it need not be, and perhaps no community within it will choose to be so. Thus, the characteristics of the framework need not pervade the individual communities. In this laissez-faire system it could turn out that though they are permitted, there are no actually functioning "capitalist" institutions; or that some communities have them and others don't or some communities have some of them, or what you will.

 

Robert Nozick

 

Laissez Faire was very good sauce for the goose, labor, but was very poor sauce for the gander, capital.

 

Benjamin Tucker

 

He stepped down from his comfortable life to join the masses on their level to seek equality with them. "I can't hope to bring about economic equality... I have to reduce myself to the level of the poorest of the poor."
From his understanding of wealth and poverty came his understanding of labor and capital, which led him to the solution of trusteeship based on the belief that there is no private ownership of capital; it is given in trust for redistribution and equalization. Similarly, while recognizing differential aptitudes and talents, he holds that these are gifts from God to be used for the collective good.
He seeks an economic order, alternative to the capitalist and communist, and finds this in sarvodaya based on nonviolence (ahimsa).
He rejects Darwin's survival of the fittest, Adam Smith's laissez-faire and Karl Marx's thesis of a natural antagonism between capital and labor, and focuses on the interdependence between the two.
He believes in the human capacity to change and wages Satyagraha against the oppressor, not to destroy him but to transform him, that he cease his oppression and join the oppressed in the pursuit of Truth.
We in South Africa brought about our new democracy relatively peacefully on the foundations of such thinking, regardless of whether we were directly influenced by Gandhi or not.

 

Nelson Mandela

 

The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources”.

 

Nico Perrone