It is states that are responsible for the deaths of hundreds of millions of people and immeasurable destruction in the 20th century alone. Compared to that, the victims of private crimes are almost negligible.

What is true, just, and beautiful is not determined by popular vote. The masses everywhere are ignorant, short-sighted, motivated by envy, and easy to fool. Democratic politicians must appeal to these masses in order to be elected. Whoever is the best demagogue will win. Almost by necessity, then, democracy will lead to the perversion of truth, justice and beauty.

Thanks to the central bank, most "monetary experts" and "leading macro-economists" can, by putting them on the payroll, be turned into government propagandists "explaining," like alchemists, how stones (paper) can be turned into bread (wealth).

All the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the overutilization and vandalization of factors of production, and the inferior quality of products and services.

Democracy has nothing to do with freedom. Democracy is a soft variant of communism, and rarely in the history of ideas has it been taken for anything else.

No, the state is anything but the result of a contract! No one with even just an ounce of common sense would agree to such a contract. I have a lot of contracts in my files, but nowhere is there one like this. The state is the result of aggressive force and subjugation. It has evolved without contractual foundation, just like a gang of protection racketeers. And concerning the struggle of all against all: that is a myth.

One-man-one-vote combined with "free entry" into government-democracy--implies that every person and his personal property comes within reach of-and is up for grabs by-everyone else: a "tragedy of the commons" is created.