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

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.

If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.

The government is always looking for something that appears more dangerous than itself, and these criminals seem to fit the bill. Never mind that it was the government that promised but failed to protect us. It was the government that prevented the airlines from protecting themselves. It was the government that so badly botched the rescue operations. It was the government that had stirred up the hate that led to the terrorism.

It's not as if socialism is a new idea. It was tried in the 20th century. It produced economic stagnation and despair. In its purest form, it extinguished more than one hundred million people.

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

Democracy has turned out to be not majority rule but rule by well-organized and well-connected minority groups who steal from the majority.