Big Government

"The division of labour is limited by the extent of the market." The extent of the market, however, is best defined by entrepreneurs and consumers, not regulators.

Recorded at the Mises Institute’s Brown Bag Seminar series on 9 October 1996.

This is a concise critical history of the federal program of Old-Age, Survivors and Disability Insurance (OASDI), popularly known as Social Security.

The Social Security system has run its course. It's unfair and it's economically destructive. It's time for the program to be abolished.

Freedom, choice, and capitalism will pay a dear price because a group of government bureaucrats, on the receiving end of political favors, will run a major sector of the US economy and foist a prescribed lifestyle upon American consumers.

So long as Obama continues to expand the state in the domestic area — inflating, taxing, regulating, nationalizing — they will put up with abuses of the human rights that they claim to champion.

Fortunately, Austrian economists have shown that every product and service can be offered privately, without the use of monopoly force through government.

Sometimes I wish our overlords would get their stories straight.

This free-market system encouraged just the right mix of tradition and innovation.

This comprehensive list of the Fed's functions gives the lie to the notion that there has been "too little regulation" of financial markets. Anyone who makes such an argument is either ignorant of the truth or is lying.