Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.

The worst of this ever growing cancer of Statism [ie big 'paternal' government - socialism, communism and fascism] is its moral effect. The country is rich enough to stand its frightful economic wastage for a long time yet, and still prosper, but it is already so poverty-stricken in its moral resources that the present drain will quickly run them out.

I have often wondered why the sounds of the beating drums do not make the marching soldiers shoot their officers and go home.

As might be supposed, my parents were quite poor, but we somehow never seemed to lack anything we needed, and I never saw a trace of discontent or a failure in cheerfulness over their lot in life, as indeed over anything.

The State did not originate in any form of social agreement, or with any disinterested view of promoting order and justice. Far otherwise. The State originated in conquest and confiscation, as a device for maintaining the stratification of society permanently into two classes-an owning and exploiting class, relatively small, and a propertyless dependent class. . . . No State known to history originated in any other manner, or for any other purpose than to enable the continuous economic exploitation of one class by another.

The glossary of politics is so full of euphemistic words and phrases - as in the nature of things it must be - that one would suppose politicians must sometimes strain their wits to coin them.

It is easy to prescribe improvement for others; it is easy to organize something, to institutionalize this or that, to pass laws, multiply bureaucratic agencies, form pressure groups, start revolutions, change forms of government, tinker at political theory. The fact that these expedients have been tried unsuccessfully in every conceivable combination for 6,000 years has not noticeably impaired a credulous unintelligent willingness to keep on trying them again and again.