Nobody believes a rumor here in Washington until it's officially denied.

Nobody believes a rumor here in Washington until it's officially denied.

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.

Discontent does not invariably create a desire for change. Other factors have to be present before discontent turns into disaffection. read more

Discontent does not invariably create a desire for change. Other factors have to be present before discontent turns into disaffection. One of these is a sense of power.

The ballot is stronger than bullets. - Capitalism, Socialism and Democracy.

The ballot is stronger than bullets. - Capitalism, Socialism and Democracy.

...if we wish to preserve a free society, it is essential that we recognize that the desirability of a particular read more

...if we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.

Chinks in America's egalitarian armor are not hard to find. Democracy is the fig leaf of elitism.

Chinks in America's egalitarian armor are not hard to find. Democracy is the fig leaf of elitism.

One of the greatest delusions in the world is the hope that the evils in this world are to be read more

One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation.

The State always moves slowly and grudgingly towards any purpose that accrues to society's advantage, but moves rapidly and with read more

The State always moves slowly and grudgingly towards any purpose that accrues to society's advantage, but moves rapidly and with alacrity towards one that accrues to its own advantage; nor does it ever move towards social purposes on its own initiative, but only under heavy pressure, while its motion towards anti-social purposes is self-sprung.

The disposition of all power is to abuses, nor does it at all mend the matter that its possessors are read more

The disposition of all power is to abuses, nor does it at all mend the matter that its possessors are a majority.