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.

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.

Once a bureau is created, its staff becomes a tenacious political interest group, well placed to defend its budget and to make a case for expanding its activities.

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.

This is the true lesson of our history: war, preparation for war, and foreign military interventions have served for the most part not to protect us, as we are constantly told, but rather to sap our economic vitality and undermine our civil and economic liberties.

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

Voting, the be all and end all of modern democratic politicians, has become a farce, if indeed it was ever anything else. By voting, the people decide only which of the oligarchs preselected for them as viable candidates will wield the whip used to flog them and will command the legion of willing accomplices and anointed lickspittles who perpetrate the countless violations of the people's natural rights. Meanwhile, the masters soothe the masses by assuring them night and day that they - the plundered and bullied multitudes who compose the electorate - are themselves the government.