Capitalism without bankruptcy is like Christianity without hell.

Capitalism without bankruptcy is like Christianity without hell.

No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: "But what would read more

No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: "But what would you replace it with?" When you put out a fire, what do you replace it with?

The price of power is responsibility for the public good.

The price of power is responsibility for the public good.

...as long as mankind shall continue to bestow more liberal applause on their destroyers than on their benefactors, the thirst read more

...as long as mankind shall continue to bestow more liberal applause on their destroyers than on their benefactors, the thirst of military glory will ever be the vice of the most exalted characters.

You need only reflect that one of the best ways to get yourself a reputation as a dangerous citizen these read more

You need only reflect that one of the best ways to get yourself a reputation as a dangerous citizen these days is to go about repeating the very phrases which our founding fathers used in the struggle for independence.

Even more significant of the inherent weakness of the collectivist theories is the extraordinary paradox that from the assertion that read more

Even more significant of the inherent weakness of the collectivist theories is the extraordinary paradox that from the assertion that society is in some sense more than merely the aggregate of all individuals their adherents regularly pass by a sort of intellectual somersault to the thesis that in order that the coherence of this larger entity be safeguarded it must be subjected to conscious control, that is, to the control of what in the last resort must be an individual mind. It thus comes about that in practice it is regularly the theoretical collectivist who extols individual reason and demands that all forces of society be made subject to the direction of a single mastermind, while it is the individualist who recognizes the limitations of the powers of individual reason and consequently advocates freedom as a means for the fullest development of the powers of the interindividual process.

I wonder how many of the people who profess to believe in the leveling ideas of collectivism and egalitarianism really read more

I wonder how many of the people who profess to believe in the leveling ideas of collectivism and egalitarianism really just believe that they themselves are good for nothing. I mean, how many leftists are animated by a quite reasonable self-loathing? In their hearts they know that they are not going to become scholars or inventors or industrialists or even ordinary good kind people. So they need a way to achieve that smugness for which the left is so justifiably famous. They need a way to achieve self-esteem without merit. Well, there is politics. In an egalitarian world everything will be controlled by politics, and politics requires no merit.

The public must be put in its place, so that it may exercise its own powers, but no less and read more

The public must be put in its place, so that it may exercise its own powers, but no less and perhaps even more, so that each of us may live free of the trampling and the roar of a bewildered herd.

Government and state can never be perfect because they owe their raison d'etre to the imperfection of man and can read more

Government and state can never be perfect because they owe their raison d'etre to the imperfection of man and can attain their end, the elimination of man's innate impulse to violence, only by recourse to violence, the very thing they are called upon to prevent.