Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models.

Intervene globally, lose freedom locally.

Abetted by misguided or co-opted intellectuals, the rulers weave a cloak of legitimacy to disguise their theft and hence to ease their extraction of wealth from the rightful owners.

True counselors of despair are those who hope against hope—and historical experience—that the government can and will act constructively.

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.

To continue on the road we Americans have traveled for the past century is ultimately to deliver ourselves completely into the hands of an unlimited government. We can have a free society or a welfare state. We cannot have both.