Big Government

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.

The question posed by the title to this lecture raises a number of deep problems of economic science.

"This plan would also set a dangerous precedent for American industry in general."

But if you follow the Austrian recipe of allowing liquidation of bankrupt firms and debt, allowing prices to fall without monetary inflation, not propping up employment or subsidizing unemployment, and not discouraging hoarding, you will end up with the quickest possible recovery and minimize the magnitude of economic pain.