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

Pledge allegiance to your principles, your family, your faith, but don't be foolish enough to pledge allegiance to a gang of thieves.

The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.

Private enterprise creates; government destroys. That is the great economic lesson of our times and all times.

It is not caving in to the bees to stop poking a stick into their hive.

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.

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.