Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that read more

Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that set of options which has economic value...It is the options, and not the physical things, which are the "property" - economically as well as legally...But because the public tends to think of property as tangible, physical things, this opens the way politically for government confiscation of property by forcibly taking away options while leaving the physical objects untouched.

We trained hard - but it seemed that every time we were beginning to form up into teams we were read more

We trained hard - but it seemed that every time we were beginning to form up into teams we were reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing, and what a wonderful method it can be for creating the illusion of progress while actually producing confusion, inefficiency, and demoralization.

Where things have not changed at all, there is the least likelihood of revolution.

Where things have not changed at all, there is the least likelihood of revolution.

The correct strategy for Americans negotiating with Japanese or other foreign clients is a Japanese strategy: ask questions. When you read more

The correct strategy for Americans negotiating with Japanese or other foreign clients is a Japanese strategy: ask questions. When you think you understand, ask more questions. Carefully feel for pressure points. If an impasse is reached, don't pressure. Suggest a recess or another meeting.

This is, I say, the time for all good men not to go to the aid of their party, but read more

This is, I say, the time for all good men not to go to the aid of their party, but to come to the aid of their country.

Equality of the general rules of law and conduct, however, is the only kind of equality conducive to liberty and read more

Equality of the general rules of law and conduct, however, is the only kind of equality conducive to liberty and the only equality which we can secure without destroying liberty. Not only has liberty nothing to do with any other sort of equality, but it is even bound to produce inequality in many respects. This is the necessary result and part of the justification of individual liberty: if the result of individual liberty did not demonstrate that some manners of living are more successful than others, much of the case for it would vanish.

If we truly cared about our children and future generations, instead of demagoging about them, we'd worry more about saving read more

If we truly cared about our children and future generations, instead of demagoging about them, we'd worry more about saving liberty than saving Social Security.

...economic history is a long record of government policies that failed because they were designed with a bold disregard for read more

...economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics.

Let the sun shine in.

Let the sun shine in.