Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy.

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

Freedom is never more in peril than when politicians feel the pressure to 'do something.'

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.

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.

Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy.

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.