“Central planning inevitably leads to economic chaos and failure.Friedrich Hayek called the delusion that a single person or a groupof government planners could possibly possess the knowledge to planan entire economy a “fatal conceit.” The overwhelming historicalevidence is that the more freedom a nation has, the more economicopportunities will exist and the more dynamic that nation’s economywill be. Likewise, the more regulations, controls, taxes, governmentrunindustries, protectionism, and other forms of interventionism thatexists, the poorer the country will become.”

“We were born a nation of entrepreneurs. That is why so manypeople came to this country from so many different nations and culturesaround the globe. The entrepreneur sees the opportunity, takesaction, and successfully learns from the experience. They go on tocreate wealth. They become part of that demographic that is called“the rich.” They, not the government, drive the economy and createjobs. Only a mind with an envious, greedy perspective would considerpunitively taxing the rich as a viable solution to our fiscal miasma.This is a solution springing from the fount of ignorance and deemedwise only by fools.”

“There is a major difference between theoretical knowledge andexperiential knowledge. Academics think they know how the economyshould work; successful business owners know how the economy doeswork. They have been there and done it. Our government should beturning to those who have experiential knowledge when it comes tosolving our fiscal problems. They would realize that many of theircurrent policies may sound good but don’t work in the real worldand must be abandoned. They would spend less and live within theirmeans. They would be promoting the creation of more entrepreneursand business owners, instead of hiring more bureaucrats, consultingmore academics, and enlisting more lawyers to harass and prosecutethe true wealth creators of this nation.”

“I strongly believe that the best economic policyfor any administration is the one that seeks to produce more entrepreneurs,not just more minimally educated college graduates withnowhere to go. Nothing against recent college graduates, but manyof today’s best universities are no longer providing the basics of aclassical liberal education.That is why the single most important economic issue of ourtime—and one that impacts the poor and middle class alike—will behow we treat the entrepreneurs and wealth creators among us, fromboth the government and the private-sector viewpoints.”

“History clearlyshows that governments that have tried to contain, regulate, or otherwiseusurp capital have failed. It is the same with brainpower; noone has a monopoly on brainpower. Controlling brainpower is likeherding cats. Brainpower creates capital, and capital fuels brainpower.It is a fundamental dynamic principle. Great ideas, solutions, insights,or inventions will develop only where they are nurtured and properlyrewarded.”

“Since the dawn of the twentieth century, we have been told thatthe federal government has the answers to solve all of society’s problems.We have been promised, by supposedly serious men who havesworn an oath before God and man, that if we just give Washington,D.C., more of our money and more of our personal freedom, theproblems of poverty, illiteracy, racism, unemployment, crime, andcorruption will all be solved. Today, each and every one of theseproblems is worse than it has ever been. The federal government andits blood-sucking bureaucracies do not have a solution to the problem,they are the problem.”

“There are few problems in the world that economic prosperitycannot help solve. Yet the engines of that prosperity are under fierceattack. The forces that seek power over others have gained the upperhand against those that seek freedom. By harming wealth creation,they cause even more strain on society. Historically, this is nothingnew. State domination over its subjects has roots that connect statism,totalitarianism, communism, and socialism to more modern-day variantsof liberalism and progressivism. It is a constant fight and we mustwin.”