Anyone who believes in the natural and inalienable rights to life, liberty, and the pursuit of happiness is obliged to accept that individuals have the right to buy and sell alcohol. That's why all the regulations that people take for granted-the restrictions on hours of operation, the ban on Sunday sales, the minimum distance from schools and churches, the minimum age, and the protection of local wineries from competition by wineries in other states-are illegitimate.
Sheldon RichmanWealth 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.
Sheldon RichmanThe government's coercive taxing power necessarily creates two classes: those who create and those who consume the wealth expropriated and transferred by that power.
Sheldon RichmanThe housing and financial crisis could not have occurred in the absence of government housing and monetary policies.
Sheldon RichmanAmong 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.
Sheldon Richman