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.

Americans live under the delusion that enterprise here is both private and free. It may be nominally private, but it's anything but free. Unfortunately, most people don't know what freedom is. So they are unfazed when they hear that before you can do anything of a commercial nature, you need government permission.

The more power government has to provide things, the more power it has to dictate terms.

Why is Netanyahu pushing war? Among several reasons, demonizing Iran reduces pressure on Israel to negotiate seriously with the Palestinians. Many Israelis prefer building Jewish settlements on Palestinians' land instead. Moreover, Israel's rulers oppose any development-such as an Iranian-U.S. detente-that could diminish Israel's U.S.-financed hegemony in the region. War with Iran would be a catastrophe all around. Netanyahu and his hawkish American allies-the same people who gave us the disastrous Iraq war and ISIS-must be repudiated.

Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge-information that could never be tapped by the individual at the head of a collectivist state.

Government spending reduces the capital that could be invested to serve consumers and to produce new employment opportunities.

People with an investment in government power will torture logic like a medieval inquisitor rather than face the facts. ... There's a simple way to keep money out of politics: Keep politics out of our money.