Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

Above all, ascribe no decent motives to the federal government. Always and everywhere, it is the enemy of truth.

The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters.

One ironic legacy of the Clinton administration is the rearming of the American citizenry. Each time Clinton and his friends in Congress threaten another round of anti-gun regulations, the American people respond by stocking up.

Profit is a signal that valuable services are being rendered to people on a voluntary basis.

What we need is a new consciousness concerning the idea of human liberty.

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