Capitalism without bankruptcy is like Christianity without hell.

Capitalism without bankruptcy is like Christianity without hell.

Those who lack the capacity to achieve much in an atmosphere of freedom will clamor for power.

Those who lack the capacity to achieve much in an atmosphere of freedom will clamor for power.

We are ready for any unforeseen event that may or may not occur.

We are ready for any unforeseen event that may or may not occur.

Watergate showed more strengths in our system than weaknesses... The whole country did take part in quite a genuine sense read more

Watergate showed more strengths in our system than weaknesses... The whole country did take part in quite a genuine sense in passing judgment on Richard Nixon.

Democracy is the art of running the circus from the monkey cage.

Democracy is the art of running the circus from the monkey cage.

In war there is no substitute for victory.

In war there is no substitute for victory.

Various kinds of ideas can be classified by their relationship to the authentication process. There are ideas systematically prepared for read more

Various kinds of ideas can be classified by their relationship to the authentication process. There are ideas systematically prepared for authentication ("theories"), ideas not derived from any systematic process ("visions"), ideas which could not survive any reasonable authentication process ("illusions"), ideas which exempt themselves from any authentication process ("myths"), ideas which have already passed authentication processes ("facts"), as well as ideas known to have failed- or certain to fail- such processes ("falsehoods" - both mistakes and lies).

We once worried that democracy could not survive if an undereducated populace knew too little. Now we worry if it read more

We once worried that democracy could not survive if an undereducated populace knew too little. Now we worry if it can survive us knowing too much.

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us read more

...the case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.