Libertarianism is a theory of politics that is so compelling that once you have absorbed it, it becomes the lens through which you end up understanding all economic and political events.

It's a hard truth for Americans to face, that neither team in Washington is going to guard what we love the most. That is something we are going to have to face. Liberty is for the citizens to guard themselves.

No state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will tolerate.

If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.

Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.

The state is and has been in history a source of disorder and chaos, and this problem gets worse the more the state grows.

The private sector is creating a miracle a day, even as the stuff that government attempts is failing left and right.