It is not always easy to define property rights. What is striking, though, is how often government legislation and court rulings have prevented the c… - David R. Henderson

Our oil supply is secure, not because our government threatens to use force against those who would make it insecure, but because the world’s oil suppliers want to make money.

Early in the twentieth century, the railroad business was highly unionized. Just as in South Africa, employers often wanted to hire black people. But unions run by white people excluded blacks from membership and often committed acts of violence against black workers who tried to get such jobs.

There are two main differences between Ponzi’s original scam and the Social Security system. The first difference is that Social Security is run by the government and, whatever its constitutionality and its questionable ethics, is legal. The second difference follows from the first: Whereas Ponzi had to rely on suckers, the government can and does use force.