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“Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.”

“The cult of the omnipotent state has millions of followers in the united States. Americans of today view their government in the same way as Christians view their God; they worship and adore the state and they render their lives and fortunes to it. Statists believe that their lives - their very being - are a privilege that the state has given to them. They believe that everything they do is - and should be - dependent on the consent of the government. Thus, statists support such devices as income taxation, licensing laws, regulations, passports, trade restrictions, and the like.”

“If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.”

“Though it is disguised by the illusion that a bureaucracy accountable to a majority of voters, and susceptible to the pressure of organized minorities, is not exercising compulsion, it is evident that the more varied and comprehensive the regulation becomes, the more the state becomes a despotic power as against the individual. For the fragment of control over the government which he exercises through his vote is in no effective sense proportionate to the authority exercised over him by the government.”

“From that point on, the extraordinary system of spies and informers which has played an important part in the political work of the French state into our own time took shape. (Sartine, who became lieutenant general de police in 1759, is supposed to have said to Louis XV, "Sire, when three people are chatting in the street one of them is surely my man.") Eighteenth-century police manuals like those of Colquhoun in England or Lemaire in France are no less than general treatises on the government's full repertoire of domestic regulation, coercion, and surveillance.”