The art of economics consists in looking not merely at the immediate but at the longer effects of any act read more

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Quemadmodum gladius neminem occidit, occidentis telum est."
Latin: "A sword never kills anybody; it is a tool in the killer's read more

Quemadmodum gladius neminem occidit, occidentis telum est."
Latin: "A sword never kills anybody; it is a tool in the killer's hand. - Letters to Lucilius.

Systems are to be appreciated by their general effects, and not by particular exceptions.

Systems are to be appreciated by their general effects, and not by particular exceptions.

Darkness yields to
starlight,
to the light of the rising
sun, and to the
light of the soul.

Darkness yields to
starlight,
to the light of the rising
sun, and to the
light of the soul.

Rank and riches are chains of gold, but still chains.

Rank and riches are chains of gold, but still chains.

Show me the country that has no strikes and I'll show you the country in which there is no liberty.

Show me the country that has no strikes and I'll show you the country in which there is no liberty.

If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.

If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.

Don't talk to me about atrocities in war; all war is an atrocity.

Don't talk to me about atrocities in war; all war is an atrocity.

The world's problem is not too many people, but lack of political and economic freedom.

The world's problem is not too many people, but lack of political and economic freedom.