I'm going to be a vice president very much like George Bush was. He proved to be a very effective read more

I'm going to be a vice president very much like George Bush was. He proved to be a very effective vice president, perhaps the most effective we've had in a couple of hundred years.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The read more

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The first lesson of politics is to disregard the first lesson of economics.

To the frustrated, freedom from responsibility is more attractive than freedom from restraint. They are eager to barter their independence read more

To the frustrated, freedom from responsibility is more attractive than freedom from restraint. They are eager to barter their independence for relief from the burdens of willing, deciding and being responsible for inevitable failure. They willingly abdicate the directing of their lives to those who want to plan, command and shoulder all responsibility.

While technically I did not commit a crime, an impeachable offense... these are legalisms, as far as the handling of read more

While technically I did not commit a crime, an impeachable offense... these are legalisms, as far as the handling of this matter is concerned; it was so botched up, I made so many bad judgments. The worst ones, mistakes of the heart, rather than the head. But let me say, a man in that top job - he's got to have a heart, but his head must always rule his heart.

People unfit for freedom - who cannot do much with it - are hungry for power. The desire for freedom read more

People unfit for freedom - who cannot do much with it - are hungry for power. The desire for freedom is an attribute of a "have" type of self. It says: leave me alone and I shall grow, learn, and realize my capacities. The desire for power is basically an attribute of a "have not" type of self.

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us read more

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.

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.

Diplomats were invented simply to waste time.

Diplomats were invented simply to waste time.

It is the besetting vice of democracies to substitute public opinion for law. This is the usual form in which read more

It is the besetting vice of democracies to substitute public opinion for law. This is the usual form in which the masses of men exhibit their tyranny.