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2011 February 18
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The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people. |
"Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity." |
"For thousands of years, the tireless effort of productive men and women has been spent trying to reduce the distance between communities of the world by reducing the costs of commerce and trade. Over the same span of history, the slothful and incompetent protectionist has endlessly sought to erect barriers in order to prohibit competition—thus, effectively moving communities farther apart. When trade is cut off entirely, the real producers may as well be on different planets. The protectionist represents the worst in humanity: fear of change, fear of challenge, and the jealous envy of genius. The protectionist is not against the use of every kind of force, even warfare, to crush his rival. If mankind is to survive, then these primeval fears must be defeated." |
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2011 February 17
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"The income tax is the biggest single intrusion suffered by the American people. It forces every worker to be a bookkeeper, to open
his records to the government, to explain his expenses, to fear conviction for a harmless accounting error. Compliance wastes billions of dollars. It
penalizes savings and creates an enormous drag on the U.S. economy. It is incompatible with a free society, and we aren’t libertarians if we
tolerate it." |
"In the early and mid-1970’s, public advice was to cooperate with robbers and rapists in order to minimize personal injury. Appeasement, in other words. While this may be good advice in some circumstances, as general behavior it makes crime more rewarding. A nation of sheep is nice for wolves." |
"If we can revolutionize opinion about social organization so that we can rid ourselves of arbitrary political interventions in economic and social life, we won’t need a world police force; if we can’t change opinion in this area in favor of a strictly limited government, a world police force would either be helpless to prevent war or would be the worst tyranny history has known." |
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2011 February 16
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"I place economy among the first and most important virtues and public debt as the greatest dangers to be feared ... We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude ... The same prudence which in private life would forbid our paying money for unexplained projects, forbids it in the disposition of public money. We are endeavoring to reduce the government to the practice of rigid economy to avoid burdening the people ..." |
"There is no difference in principle, ... between the economic philosophy of Nazism, socialism, communism, and fascism and that of the American welfare state and regulated economy." |
"Social Security is an unfunded pay-as-you-go system, fundamentally flawed and analogous in design to illegal pyramid schemes. Government accounting creates the illusion of a trust fund, but in fact, excess receipts are spent immediately. The government’s own actuaries predict the system will be bankrupt by 2030, but Social Security could face financial crisis as early as 2014. Moreover, Social Security’s relatively poor rate of return makes the program an increasingly worse investment for today’s young worker. ... The system design itself is fundamentally flawed and cannot be repaired. It must instead be replaced by one derived from free markets and operated by free citizenry making individual economic decisions in their own self-interest. ... Reform is long overdue. If we fail to act soon, our children will either inherit a bankrupt system or be forced to pay an impossibly high level of taxes. Only private pensions with individual property rights to accumulate fund balances can create a secure pension system. Chile, which privatized its system in 1981, provides evidence of such a system’s effectiveness." |
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2011 February 15
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"However, there is satisfaction in examining what they get out of all this torment, what advantage they derive from all the trouble of their wretched existence. Actually the people never blame the tyrant for the evils they suffer, but they do place responsibility on those who influence him; peoples, nations, all compete with one another, even the peasants, even the tillers of the soil, in mentioning the names of the favorites, in analyzing their vices, and heaping upon them a thousand insults, a thousand obscenities, a thousand maledictions. All their prayers, all their vows are directed against these persons; they hold them accountable for all their misfortunes, their pestilences, their famines; and if at times they show them outward respect, at those very moments they are fuming in their hearts and hold them in greater horror than wild beasts. This is the glory and honor heaped upon influential favorites for their services by people who, if they could tear apart their living bodies, would still clamor for more, only half satiated by the agony they might behold. For even when the favorites are dead those who live after are never too lazy to blacken the names of these people-eaters with the ink of a thousand pens, tear their reputations into bits in a thousand books, and drag, so to speak, their bones past posterity, forever punishing them after their death for their wicked lives." |
"The spirit of revolution, the spirit of insurrection, is a spirit radically opposed to liberty." |
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2011 February 14
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It constantly amazes me that defenders of the free market are expected to offer certainty and perfection while government has only to make promises and express good intentions. Many times, for instance, I’ve heard people say, 'A free market in education is a bad idea because some child somewhere might fall through the cracks,' even though in today's government school, millions of children are falling through the cracks every day. |
"Fairness does not require the redistribution of wealth;
it requires the creation of wealth, geared to an economy
that can provide employment for everyone able and willing to work." |
"No one spends someone else's money as carefully as he spends his own." |
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