The government's coercive taxing power necessarily creates two classes: those who create and those who consume the wealth expropriated and transferred by that power.

The government's coercive taxing power necessarily creates two classes: those who create and those who consume the wealth expropriated and transferred by that power.

Today, the people who would use guns to violate rights have little trouble getting them, while those who would use them to defend their rights have increasing trouble getting them. ... Gun control is in effect a subsidy for criminals.

It should go without saying that even the most narrowly construed eminent-domain power would violate individual rights. Either a person owns his legitimately acquired property or he does not.

We must acknowledge, of course, that what looks like failure to us Americans outside the privileged elite may not actually be failure for our overlords.

When government 'creates jobs' by taking money from the private sector and 'investing' in favored projects, it is not truly productive activity. Rather, the government has preempted the economic process, forbidding it to serve consumers so that it can instead serve the objectives of politicians and bureaucrats.

We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.