What is ominous is the ease with which some people go from saying that they don't like something to saying read more

What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long.

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If read more

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

A politician will always tip off his true belief by stating the opposite at the beginning of the sentence. For read more

A politician will always tip off his true belief by stating the opposite at the beginning of the sentence. For maximum comprehension, do not start listening until the first clause is concluded. Begin instead at the word "but" which begins the second, or active, clause. This is the way to tell a liberal from a conservative -- before they tell you. Thus: "I have always believed in a strong national defense, second to none, but ... " (a liberal, about to propose a $20 billion defense cut).

The whole aim of practical politics is to keep the populace alarmed [and hence clamorous to be led to safety] read more

The whole aim of practical politics is to keep the populace alarmed [and hence clamorous to be led to safety] by menacing it with an endless series of hobgoblins, all of them imaginary.

There is perhaps no better way of measuring the natural endowment of a soul than by its ability to transmute read more

There is perhaps no better way of measuring the natural endowment of a soul than by its ability to transmute dissatisfaction into a creative impulse. The genuine artist is as much a dissatisfied person as the revolutionary, yet how diametrically opposed are the products each distills from his dissatisfaction.

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.

Rank and riches are chains of gold, but still chains.

Rank and riches are chains of gold, but still chains.

Justice is incidental to law and order.

Justice is incidental to law and order.

There is nothing an economist should fear so much as applause.

There is nothing an economist should fear so much as applause.