Power (n): The only narcotic regulated by the SEC instead of the FDA.

Power (n): The only narcotic regulated by the SEC instead of the FDA.

It profits a man nothing to give his soul for the whole world... but for Wales!

It profits a man nothing to give his soul for the whole world... but for Wales!

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.

Sometimes you wonder how you got on this mountain. But sometimes you wonder, "How will I get off?".

Sometimes you wonder how you got on this mountain. But sometimes you wonder, "How will I get off?".

It is a dangerous and idle dream to think that the state can become rule by philosophers turned kings or read more

It is a dangerous and idle dream to think that the state can become rule by philosophers turned kings or scientists turned commissars. For if philosophers become kings or scientists commissars, they become politicians, and the powers given to the state are powers given to men who are rulers of states, men subject to all the limitations and temptations of their dangerous craft. Unless this is borne in mind, there will be a dangerous optimistic tendency to sweep aside doubts and fears as irrelevant, since, in the state that the projectors have in mind, power will be exercised by men of a wisdom and degree of moral virtue that we have not yet seen. It won't. It will be exercised by men who will be men first and rulers next and scientists and saints long after.

Leadership is the art of getting someone else to do something you want done because he wants to do it.

Leadership is the art of getting someone else to do something you want done because he wants to do it.

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.

Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that read more

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.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.