Notwithstanding what some regard as the institutionalization of compassion, the transfer society quashes genuine virtue. Redistribution of income by means of government coercion is a form of theft. Its supporters attempt to disguise its essential character by claiming that democratic procedures give it legitimacy, but this justification is specious. Theft is theft, whether it be carried out by one thief or by a hundred million thieves acting in concert. And it is impossible to found a good society on the institutionalization of theft.

If I had to use a single word to describe what is fundamentally wrong with government today, I would use the word fraud.

Of course, political leaders are much more ambitious than gangsters. The latter are content to take your money, whereas the former, besides taking far more of your money, have the effrontery to violate your just rights whenever their convenience dictates.

It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?

H. L. Mencken famously said that 'every decent man is ashamed of the government he lives under.' By now, however, I am no longer ashamed, because I do not identify with the government under which I live. Rather, I view it as a criminal organization that without provocation has chosen to make war on my just rights-not only mine, of course, but everyone's. Although this vile enterprise is my problem, because it robs and bullies me relentlessly and without mercy, it is not my responsibility: the nail is not the hammer.

Since the end of the nineteenth century, if not earlier, presidents have misled the public about their motives and their intentions in going to war.

Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.