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    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.

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Politicians are the same all over. They promise to build a bridge even where there is no river.

Politicians are the same all over. They promise to build a bridge even where there is no river.

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It is the very essence of despotism that it can never afford to fail. This is what distinguishes it most read more

It is the very essence of despotism that it can never afford to fail. This is what distinguishes it most vitally from democracy. In a despotism there is no organized opposition which can take over the power when the Administration in office has failed. All the eggs are in one basket. Everything is staked on one coterie of men. When the going is good, they move more quickly and efficiently than democracies, where the opposition has to be persuaded and conciliated. But when they lose, there are no reserves. There are no substitutes on the bench ready to go out on the field and carry the ball. That is why democracies with the habit of party government have outlived all other forms of government in the modern world. They have, as it were, at least two governments always at hand, and when one fails they have the other. They have diversified the risks of mortality, corruption, and stupidity which pervade all human affairs. They have remembered that the most beautifully impressive machine cannot run for very long unless there is available a complete supply of spare parts.

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From the Far East I send you one single thought, one sole idea--written in red on every beachhead form Australia read more

From the Far East I send you one single thought, one sole idea--written in red on every beachhead form Australia to Tokyo--There is no substitute for victory!

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Suppose you were an idiot, and suppose you were a member of congress; but I repeat myself.

Suppose you were an idiot, and suppose you were a member of congress; but I repeat myself.

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So long as we have enough people in this country willing to fight for their rights, we'll be called a read more

So long as we have enough people in this country willing to fight for their rights, we'll be called a democracy.

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Anyone that wants the presidency so much that he'll spend two years organizing and campaigning for it is not to read more

Anyone that wants the presidency so much that he'll spend two years organizing and campaigning for it is not to be trusted with the office.

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Equality, in a social sense, may be divided into that of condition, and that of rights. Equality of condition is read more

Equality, in a social sense, may be divided into that of condition, and that of rights. Equality of condition is incompatible with civilization, and is found only to exist in those communities that are but slightly removed from the savage state. In practice, it can only mean a common misery.

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A liberal is a man or a woman or a child who looks forward to a better day, a more read more

A liberal is a man or a woman or a child who looks forward to a better day, a more tranquil night, and a bright, infinite future.

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All of the troubles that some people have in life is that which they married into.

All of the troubles that some people have in life is that which they married into.

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