The art of economics consists in looking not merely at the immediate but at the longer effects of any act read more

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Fortunately for themselves and for the world, nearly all men are cowards and dare not act on what they believe. read more

Fortunately for themselves and for the world, nearly all men are cowards and dare not act on what they believe. Nearly all our disasters come of a few fools having the "courage of their convictions.".

It is better that ten guilty escape than one innocent suffer.

It is better that ten guilty escape than one innocent suffer.

What is possible is our highest duty.

What is possible is our highest duty.

The basic test of freedom is perhaps less in what we are free to do than in what we are read more

The basic test of freedom is perhaps less in what we are free to do than in what we are free not to do.

The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that read more

The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that it has made things worse. The black family- which survived slavery, discrimination, poverty, wars and depressions- began to come apart as the federal government moved in with its well-financed programs to "help.".

I've analyzed the best I can ... and I have not found an impeachable offense, and therefore resignation is not read more

I've analyzed the best I can ... and I have not found an impeachable offense, and therefore resignation is not an acceptable course.

The love of their country is with them only a mode of flattering its master; as soon as they think read more

The love of their country is with them only a mode of flattering its master; as soon as they think that master can no longer hear, they speak of everything with a frankness which is the more startling because those who listen to it become responsible.

Freedom means freedom from forces and circumstances which would turn man into a thing, which would impose on man the read more

Freedom means freedom from forces and circumstances which would turn man into a thing, which would impose on man the passivity and predictability of matter. By this test, absolute power is the manifestation most inimical to human uniqueness. Absolute power wants to turn people into malleable clay.