Governments Never Learn. Only People

No Central Banker Would Disagree With The Proposition That Inflation Is Primarily A Monetary Phenomenon. Not One Of Them Will Disagree That Every Inflation Has Been Accompanied By A Rapid Increase In The Quantity Of Money And Every Deflation By A Decline In The Quantity Of Money.

Government Power Must Be Dispersed. If Government Is To Exercise Power, Better In The County Than In The State, Better In The State Than In Washington. If I Do Not Like What My Local Community Does, Be It In Sewage Disposal, Or Zoning, Or Schools, I Can Move To Another Local Community, And Though Few May Take This Step, The Mere Possibility Acts As A Check. If I Do Not Like What Washington Imposes, I Have Few Alternatives In This World Of Jealous Nations.

The Way You Solve Things Is By Making It Politically Profitable For The Wrong People To Do The Right Thing.

A Society That Puts Equality — In The Sense Of Equality Of Outcome — Ahead Of Freedom Will End Up With Neither Equality Nor Freedom. The Use Of Force To Achieve Equality Will Destroy Freedom, And The Force, Introduced For Good Purposes, Will End Up In The Hands Of People Who Use It To Promote Their Own Interests.

Higher Taxes Never Reduce The Deficit. Governments Spend Whatever They Take In And Then Whatever They Can Get Away With.