All the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the overutilization and vandalization of factors of production, and the inferior quality of products and services.

Different people rise to the top under socialism than under capitalism. The higher on the socialist hierarchy you look, the more you will find people who are too incompetent to do the job they are supposed to do.

One-man-one-vote combined with free entry into government-democracy--implies that every person and his personal property comes within reach of-and is up for grabs by-everyone else: a tragedy of the commons is created.

If the right to vote were expanded to seven year olds … its policies would most definitely reflect the ‘legitimate concerns’ of children to have ‘adequate’ and ‘equal’ access to ‘free’ french fries, lemonade and videos.

Private property implies exclusivity, inequality, and difference.

Economic theory has nothing to say as to what commodity will acquire the status of money. Historically, it happened to be gold. But if the physical makeup of our world would have been different or is to become different from what it is now, some other commodity would have become or might become money. The market will decide.

Democracy virtually assures that only bad and dangerous men will ever rise to the top of government.

It is states that are responsible for the deaths of hundreds of millions of people and immeasurable destruction in the 20th century alone. Compared to that, the victims of private crimes are almost negligible.

Democracy has nothing to do with freedom. Democracy is a soft variant of communism, and rarely in the history of ideas has it been taken for anything else.

More paper money cannot make a society richer, of course, it is just more printed-paper. Otherwise why is it that there are still poor countries and poor people around?