Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.

If you hate my guts and have designs to hurt me, and I see you building a cannon aimed at my house, I am not going to wait for you to finish construction.

Government is about coercion. Limiting government is the single most important instrument for guaranteeing liberty. We're working on a third generation which has little in the way of education about what our Constitution means and why it was written. Thus, we've fallen easy prey to charlatens, quacks, and hustlers.

How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.

Government income redistribution programs produce the same result as theft. In fact, that's what a thief does; he redistributes income. The difference between government and thievery is mostly a matter of legality.

According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.

The prospects are dim for a society that makes mascots out of the unproductive and condemns the productive.