Legal System

"The essence of 'immediate convertibility' is the difference between what Austrians call a claim transaction or warehouse receipt, like a demand deposit, and a credit transaction, like a time deposit."

Like school vouchers, the flat tax, and other pretenders, the AFV assumes the necessity of state intervention and tries to bend liberty around such strictures.

The way to stop the brain and capital drain is readily at hand. Relinquish controls. Stop taxing people abroad. Adopt laissez-faire. Reinstitute freedom. Reject militarism and nationalism.

The inherent risk of the marketplace does not establish the marketplace as something that needs to be regulated and harnessed. On the contrary, inherent risk defines the market.

The recent actions by the preservation commission against a private-property owner are nothing less than aggressive theft by a third party.

True political liberty demands many and severe restraints; it requires protection against itself, and is no longer safe when it refuses to submit to its own self-imposed discipline.

Since states are created and directed by the boundaries of what people will accept as proper, since they exist only in the vacuum created by the public’s tolerance for aggression, the only lasting way to change the state is to persuade the public to rethink the program.

With medical costs continuing to rise, mostly due to countless previous interventions in the healthcare economy, the unemployed and downsized workers thought that at the very least their Uncle Santa should take care of their medical needs.

"The kind of power traditionally exercised by kings and princes, represented chiefly by the tax collector and the military, was in fact a very weak kind of power compared with what a philosophy of government resting on the general will could bring about."

"A theory that identifies liberty with a single right, the right of doing all that you have the actual power to do, and a theory which secures liberty by certain unalterable rights, and founds it on truths which men did not invent and may not abjure, cannot both be formative principles in the same Constitution."