Inflation is the one form of taxation that can be imposed without legislation.

Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.

You will find that hardly a soul who will say that it was a bad thing. Almost everybody will say it was a good thing. 'But what about today? Do you think we should have free immigration?' 'Oh, no,' they'll say, 'We couldn't possibly have free immigration today. Why, that would flood us with immigrants from India, and God knows where. We'd be driven down to a bare subsistence level.'

Statistics do not speak for themselves.

If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

Inflation is the one form of taxation that can be imposed without legislation.