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.

Free institutions are not the property of any majority. They do not confer upon majorities unlimited powers. The rights of read more

Free institutions are not the property of any majority. They do not confer upon majorities unlimited powers. The rights of the majority are limited rights. They are limited not only by the constitutional guarantees but by the moral principle implied in those guarantees. That principle is that men may not use the facilities of liberty to impair them. No man may invoke a right in order to destroy it.

Without liberty, law loses its nature and its name, and becomes oppression. Without law, liberty also loses its nature and read more

Without liberty, law loses its nature and its name, and becomes oppression. Without law, liberty also loses its nature and its name, and becomes licentiousness.

All lasting change is incremented, based on unfolding traditions and developing institutions. Revolutionary upheavals may change how the world looks read more

All lasting change is incremented, based on unfolding traditions and developing institutions. Revolutionary upheavals may change how the world looks but seldom changes the way the world works. Lasting historical change comes not through tidal waves but through the irresistible creeping tide.

Our country! In her intercourse with foreign nations, may she always be in the right; but our country, right or read more

Our country! In her intercourse with foreign nations, may she always be in the right; but our country, right or wrong.

Where freedom is real, equality is the passion of the masses. Where equality is real, freedom is the passion of read more

Where freedom is real, equality is the passion of the masses. Where equality is real, freedom is the passion of a small minority.

Demagogue: one who preaches doctrines he knows to be untrue to men he knows to be idiots.

Demagogue: one who preaches doctrines he knows to be untrue to men he knows to be idiots.

A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward.

A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward.

If a politician murders his mother, the first response of the press or of his opponents will likely be not read more

If a politician murders his mother, the first response of the press or of his opponents will likely be not that it was a terrible thing to do, but rather that in a statement made six years before he had gone on record as being opposed to matricide.