Even a clock which is broken is correct twice a day. However, regulation is not the correct fix for the problems caused by government monetary manipulation. The correct fix is to be rid of both. By the way, Keynes was a mathematician, not an economist.

Lust for power does play a part. The choice is between dealing with individuals who lust for power is unlawful and punishable, or individuals who lust for power, legalize it and punish any resistance to it.

The quote refers to "man", not "a man." In that sense, government doesn't produce and cannot create wealth. It can only consume, transfer and destroy wealth.

Bastiat's "The Law" is an excellent read and can be found on line. It's pretty easy to see why Bastiat isn't taught in the government's indoctrination centers they call public schools.

After the obviousness of the quote, most comments will pale in redundancy. All that is left to be said comes by way of examples. Or is that too redundant?

Greenspan was ideologically in the Austrian economic camp until the power to print money became his, then for some reason, being constrained by the gold standard began to look silly to him.

The Ludwig von Mises Institute made an educational video called "Money, Banking and the Federal Reserve" which is very good. It is available on YouTube. 42 minutes long, but worth the time.

The one thing we learn from history is that we don't learn from history.

Hazel should have read some Ludwig von Mises. Economics, as a science, is fascinating and important. Political methods, as a means of achieving goals, are the antithesis of economic methods.

Wilt Alston has an interesting article this morning, (sort of) on the subject. http://www.lewrockwell.com/alston/alston50.html

It never ceases to amaze me when I think about the number of actions, which would be obvious violations of rights when perpetrated by a single individual, but which are considered legitimate when perpetrated by the majority or the state.

Waffler must be from some other planet if he cannot see for himself that to which democracies have historically degenerated and those exact same patterns that are happening in the US today. Either that or he's just a tax leach with an agenda and doesn't care much for the truth.

I have yet to find a single necessary service provided by government which could not be provided privately, in greater quantity, higher quality, less expensively and without theft. Some people are accustomed to being the state's slaves and dependents, that they cannot see any other way. Yes, people run to government for certain services, those in which the government has the monopoly and there is no other practical option as a result.

If bureaucrats were not petty, dull, almost witless, crafty, stupid, oppressors and thieves, they would get real productive jobs rather than becoming self important tax leaches. The only thing worse than an evil person is an evil person with political power.

This is why I love it when socialists tell me how good it is that we can agree to disagree. I can advocate rights until I'm blue in the face, but in the end, they're still going to use the force of the state to violate me rights. It's like trying to convince a robber of why he shouldn't rob you, telling your master why you shouldn't be a slave or asking a serial killer to spare your life. "Democracy is two wolves and a lamb voting on what to have for dinner." Ben Franklin

I'd say that this quote is a bad analogy. Flight is attained by one physical force overcoming an opposing force, i.e. lift, Vs. weight.

Everyone in the US government is a liberal now. We don't have an opposition party, it's all one big happy, tax, spend, borrow, destroy party. They're all either socialists with fascist leanings or fascists with socialist leanings. They have no morals or ethics. The individual rights of life, liberty and property mean nothing to them.

This is where time and location make a difference. Classical liberalism is much more like modern libertarianism, which, in its purest form, would be a stateless society.

Yep. Whether we like it or not, we're all forced to be in the insurance business as well as the mortgage business, as well as the road building, education retirement pension, heath care, park service, and war businesses. This looks like a good place to introduce the Pirates and Emperors video. piratesandemperors.com

Perhaps some context would help here, but without it I'd have to say, "Not every word spoken is worth quoting."

I was wondering myself whether Two Faced Abe spoke those words before or after he invaded the Confederate States of America. You won't hear a disparaging word against Lincoln from our government schools, but those interested in the truth and willing to do the research will find the nicknames "Honest Abe" and "Great Emancipator" shamefully ironic. I'd recommend "The Real Lincoln" by Thomas DeLorenzo as a primer.

Mises was an excellent, and highly underrated socio-political writer. The book, "Socialism", from which this quote was taken, is a must read.

I must disagree. Seeking information is a right. Receiving information is a privilege which can only be legitimately gained through mutually voluntary interaction without the use of coercive force. Nothing worth having is free. Whenever someone affiliated with government says "free" what he really means is paid for by the taxpayers at the point of a gun. Having a right to something does not mean being granted that something by government at someone else's expense.

I used to love Jimmy Stewart, but the older I've gotten the more I've come to realize that most of Jimmy's movies were loaded with propaganda. I can barely stand to watch them any more. It's a good quote, unless you see 'Mr. Smith Goes to Washington' and understand the context.

Finding an honest politician is like finding a dog which speaks fluent Norwegian. 5 stars for the quote, 0 for the source. I give it a 3.