As for the state’s supposedly indispensable role, once we grow up and leave behind the scare tactics from our sixth-grade textbooks – without your public servants you’ll starve, or be poisoned, or drive an exploding car – we discover how little we need the state after all. The historically unprecedented explosion in living standards all over the world had everything in the world to do with market-driven capital accumulation and zero to do with government spread-the-wealth schemes.
Every mile you go in the wrong direction is really a two mile error. Unlearning is twice as hard as learning.
We are what we think. All that we are arises with our thoughts. With our thoughts we make the world.
Just as the democratic statesman who sets out to plan economic life will soon be confronted with the alternative of either assuming dictatorial powers or abandoning his plans, so the totalitarian leader would soon have to choose between disregard of ordinary morals and failure. It is for this reason that the unscrupulous are likely to be more successful in a society tending toward totalitarianism.
The foundations are already deeply laid by their [the Supreme Court Justices’] decisions for the annihilation of constitutional State rights, and the removal of every check, every counterpoise to the engulfing power of which themselves are to make a sovereign part.
I see… with the deepest affliction, the rapid strides with which the federal branch of our government is advancing towards the usurpation of all the rights reserved to the States, and the consolidation in itself of all powers, foreign and domestic; and that too, by constructions which, if legitimate, leave no limits to their power.
If ever this vast country is brought under a single government, it will be one of the most extensive corruption, indifferent and incapable of a wholesome care over so wide a spread of surface.
I confess that it seems to me exceedingly clear, that our Constitution is most worthless and tyrannical, if the usurpations of those who administer it, cannot be resisted by any means short of revolution. I have always considered the reserved powers of the States, as the only real check upon the powers of the Federal Government; and I have always considered it, not only the right, but the imperious duty of the States, so to apply that check, as not to dissolve the Union.
The slingshot [move to private assets] comes WHEN everyone realizes the future will not be anything they dreamed of. The negative interest rates are destroying pension funds, Central banks have lost control and credibility, and socialism is dying very hard because government is consuming the bulk to fund its own pensions. The slingshot comes when people realize governments are collapsing. Then there will be the mad rush into all private assets.