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.

We are the people our parents warned us about.

We are the people our parents warned us about.

I met someone on the street who said wasn't it great that we're going to have a movie star for read more

I met someone on the street who said wasn't it great that we're going to have a movie star for president, that it was so Pop, and (laughs) when you think about it like that, it is great, it's so American.

The urge to save humanity is almost always only a false-face for the urge to rule it.

The urge to save humanity is almost always only a false-face for the urge to rule it.

Give up control even if it means the employees have to make some mistakes.

Give up control even if it means the employees have to make some mistakes.

History is a relentless master. It has no present, only the past rushing into the future. To try to hold read more

History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.

Expecting a carjacker or rapist or drug pusher to care that his possession or use of a gun is unlawful read more

Expecting a carjacker or rapist or drug pusher to care that his possession or use of a gun is unlawful is like expecting a terrorist to care that his car bomb is taking up two parking spaces. - "Usenet posting in talk.politics.guns".

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.

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.