...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.

The law giver, of all beings, most owes the law allegiance. He of all men should behave as though the read more

The law giver, of all beings, most owes the law allegiance. He of all men should behave as though the law compelled him. But it is the universal weakness of mankind that what we are given to administer we presently imagine we own.

Freedom is not worth having if it does not include the freedom to make mistakes.

Freedom is not worth having if it does not include the freedom to make mistakes.

What the public does is not to express its opinions but to align itself for or against a proposal. If read more

What the public does is not to express its opinions but to align itself for or against a proposal. If that theory is accepted, we must abandon the notion that democratic government can be the direct expression of the will of the people. We must abandon the notion that the people govern. Instead we must adopt the theory that, by their occasional mobilizations as a majority, people support or oppose the individuals who actually govern. We must say that the popular will does not direct continuously but that it intervenes occasionally.

To desire the attainment of this equality or superiority by the particular means of others being brought down to our read more

To desire the attainment of this equality or superiority by the particular means of others being brought down to our own level, or below it, is, I think, the distinct notion of envy.

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making read more

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making units, the structuring of their incentives, and the counterbalancing of the units against one another, rather than on the more usual (and more exciting) principle of substituting "the good guys" for "the bad guys.".

We are as free as and free in exactly the sense that our neuronal processes are free.

We are as free as and free in exactly the sense that our neuronal processes are free.

Democracy: In which you say what you like and do what you're told.

Democracy: In which you say what you like and do what you're told.

We just did a survey that showed.... something like 65 percent of the [American] people couldn't vote for the First read more

We just did a survey that showed.... something like 65 percent of the [American] people couldn't vote for the First Amendment if it was up for a vote today.