Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that read more

Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that set of options which has economic value...It is the options, and not the physical things, which are the "property" - economically as well as legally...But because the public tends to think of property as tangible, physical things, this opens the way politically for government confiscation of property by forcibly taking away options while leaving the physical objects untouched.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions read more

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

Absolute power corrupts even when exercised for humane purposes. The benevolent despot who sees himself as a shepherd of the read more

Absolute power corrupts even when exercised for humane purposes. The benevolent despot who sees himself as a shepherd of the people still demands from others the submissiveness of sheep.

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.

The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is read more

The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime, and the punishment of his guilt.

One of the greatest delusions in the world is the hope that the evils in this world are to be read more

One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation.

The problem with political jokes is they get elected.

The problem with political jokes is they get elected.

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.

There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the read more

There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.