Governments resort to inflation with popular support because the people apparently are naïve enough to believe that they can have their cake and eat it, too.

It should be noted that people in the free market rarely bear false witness; integrity is the rule. The morning mile, phone calls, planes the airlines buy, autos by the millions - no one could list the instances - are as represented. We have daily, eloquent, enormous testimony that the Ten Commandments can be and are observed by fallible human beings. Contemporary politics is the most glaring of all exceptions.

It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.

In market terms, one is entitled to what others will offer in willing exchange. That is all!

Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing.

Statism, which forces all of us within its orbit, is nothing but a political system of organized plunder, managed by every conceivable type of pressure group.

...the greatest political problem facing the world today is...how to curb the oppressive power of government, how to keep it within reasonable bounds.