Most people understand the right to property better in practice than in theory. This was vividly illustrated by economist Gordon Tullock in a class h… - David R. Henderson

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.

Barbara Walters asked Ronald Reagan, what do you think about the Soviet Union and how much of a threat they are to us and to our freedom. And he said, ‘They’re a threat, but the biggest threat to our freedom is our own governments.’ And I agree with him. It’s governments at every level in the United States right now and in most of the world that are assaulting freedom daily.

I noted that one reason we buy so much health care is that the price to us is artificially low; if we paid the full price for health care, we would make better life-style decisions on exercise, smoking, and foods and would need less health care.