Free Markets

How is it justifiable to take a person's property in order to fund the very government that is established to protect that property?

The absence of a central bank in Panama has created a completely market-driven money supply. Panama's market has also chosen the US dollar as its de facto currency. The country must buy or obtain their dollars by producing or exporting real goods or services; it cannot create money out of thin air. In this way, at least, the system is similar to the old gold standard. Annual inflation in the past 20 years has averaged 1% and there have been years with price deflation, as well: 1986, 1989, and 2003.

It may be the spirit will not change, but from perfecting, minding, and living with machines the mentality does.

I am fearful of a government-run, centralized healthcare system staffed by a unionized workforce. I dream of the entrepreneurs of that age who will be working to exhaustion in order to satisfy the dreams of the ever-distant horizon of consumer wants. What a wonderful world that will be.

ROCKWELL: The biggest strategic error is collaborating with the powers that be, as if the people in charge –those consumed by what St Augustine called "the lust to rule" –can be convinced by libertarian arguments. This isn't going to work. We need to come to terms with the fact that we are ultimately a revolutionary movement.

This "greatest benefit" to the least advantaged is doubly meaningless, since the only society that would qualify as just is one in which the identity of the least advantaged is irrelevant.

Recorded at the Mises Circle in Houston, “Despots Left and Right: The Tyrannies of Our Times,” Saturday, 14 April 2007, sponsored by Je

To say that Bono's factory is something special would not be truthful. The Edun clothing line is doing well, and is employing hundreds of people. That's great. It's called capitalism.

In a long public life, Ron Paul has always kept faith with the limited defensible role for our federal government.