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.

Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to read more

Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule--and both commonly succeed, and are right.

Taxes are not levied for the benefit of the taxed.

Taxes are not levied for the benefit of the taxed.

Commencement speakers have a good deal in common with grandfather clocks: Standing usually some six feet tall, typically ponderous in read more

Commencement speakers have a good deal in common with grandfather clocks: Standing usually some six feet tall, typically ponderous in construction, more traditional than functional, their distinction is largely their noisy communication of essentially commonplace information.

The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and read more

The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state. The history of the West, from the age of the Greek polis down to the present-day resistance to socialism, is essentially the history of the fight for liberty against the encroachments of the officeholders.

Except in the sacred texts of democracy and in the incantations of orators, we hardly take the trouble to pretend read more

Except in the sacred texts of democracy and in the incantations of orators, we hardly take the trouble to pretend that the rule of the majority is not at bottom a rule of force. What other virtue can there be in fifty-one percent except the brute fact that fifty-one is more than forty-nine? The rule of fifty-one per cent is a convenience, it is for certain matters a satisfactory political device, it is for others the lesser of two evils, and for others it is acceptable because we do not know any less troublesome method of obtaining a political decision. But it may easily become an absurd tyranny if we regard it worshipfully, as though it were more than a political device. We have lost all sense of its true meaning when we imagine that the opinion of fifty-one per cent is in some high fashion the true opinion of the whole hundred per cent, or indulge in the sophistry that the rule of a majority is based upon the ultimate equality of man.

It is better that ten guilty escape than one innocent suffer.

It is better that ten guilty escape than one innocent suffer.

I love California, I practically grew up in Phoenix.

I love California, I practically grew up in Phoenix.

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making read more

One of the peculiarities of the American Revolution was that its leaders pinned their hopes on the organization of decision-making units, the structuring of their incentives, and the counterbalancing of the units against one another, rather than on the more usual (and more exciting) principle of substituting "the good guys" for "the bad guys.".