It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.

What the political left, even in democratic countries, share is the notion that knowledgeable and virtuous people like themselves have both a right and a duty to use the power of government to impose their superior knowledge and virtue on others.

To include freedom in the very definition of democracy is to define a process not by its actual characteristics as a process but by its hoped for results. This is not only intellectually invalid, it is, in practical terms, blinding oneself in advance to some of the unwanted consequences of the process.

The old adage about giving a man a fish versus teaching him how to fish has been updated by a reader: Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his 'basic rights.'

Many people believe in eliminating gaps and eliminating poverty. They don't realize that in some sense those two things are antithetical. If you were to double everyone's income, or if everyone's income were doubled naturally over the course of time, then you would reduce poverty significantly but you would have also increased the gap.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.