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.

Bad politicians are sent to Washington by good people who don't vote.

Bad politicians are sent to Washington by good people who don't vote.

Government, in its very essence, is opposed to all increase in knowledge. Its tendency is always towards permanence and against read more

Government, in its very essence, is opposed to all increase in knowledge. Its tendency is always towards permanence and against change...[T]he progress of humanity, far from being the result of government, has been made entirely without its aid and in the face if its constant and bitter opposition.

When you make as many speeches and you talk as much as I do and you get away from the read more

When you make as many speeches and you talk as much as I do and you get away from the text, it's always a possibility to get a few words tangled here and there.

To succeed in politics, it is often necessary to rise above your principles.

To succeed in politics, it is often necessary to rise above your principles.

A democratic despotism is like a theocracy: it assumes its own correctness.

A democratic despotism is like a theocracy: it assumes its own correctness.

Extremism in the defense of liberty is no vice. And moderation in the pursuit of justice is no virtue.

Extremism in the defense of liberty is no vice. And moderation in the pursuit of justice is no virtue.

The legacy of Democrats and Republicans approaches: Libertarianism by bankruptcy.

The legacy of Democrats and Republicans approaches: Libertarianism by bankruptcy.

Tourists are terrorists with cameras. Terrorists are tourists with guns.

Tourists are terrorists with cameras. Terrorists are tourists with guns.