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    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.

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We have a solution for war. It is to expand the sphere of liberty.

We have a solution for war. It is to expand the sphere of liberty.

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A government that robs Peter to pay Paul can always depend upon the support of Paul.

A government that robs Peter to pay Paul can always depend upon the support of Paul.

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All lasting change is incremented, based on unfolding traditions and developing institutions. Revolutionary upheavals may change how the world looks read more

All lasting change is incremented, based on unfolding traditions and developing institutions. Revolutionary upheavals may change how the world looks but seldom changes the way the world works. Lasting historical change comes not through tidal waves but through the irresistible creeping tide.

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One of the tests of leadership is the ability to recognize a problem before it becomes an emergency.

One of the tests of leadership is the ability to recognize a problem before it becomes an emergency.

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There's only one basic human right, the right to do as you damn well please. And with it comes the read more

There's only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.

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

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

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We're all capable of mistakes, but I do not care to enlighten you on the mistakes we may or may read more

We're all capable of mistakes, but I do not care to enlighten you on the mistakes we may or may not have made.

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It is a dangerous and idle dream to think that the state can become rule by philosophers turned kings or read more

It is a dangerous and idle dream to think that the state can become rule by philosophers turned kings or scientists turned commissars. For if philosophers become kings or scientists commissars, they become politicians, and the powers given to the state are powers given to men who are rulers of states, men subject to all the limitations and temptations of their dangerous craft. Unless this is borne in mind, there will be a dangerous optimistic tendency to sweep aside doubts and fears as irrelevant, since, in the state that the projectors have in mind, power will be exercised by men of a wisdom and degree of moral virtue that we have not yet seen. It won't. It will be exercised by men who will be men first and rulers next and scientists and saints long after.

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...this is precisely the purpose of censorship- not only to block unwanted views, but to keep people who are unhappy read more

...this is precisely the purpose of censorship- not only to block unwanted views, but to keep people who are unhappy from knowing how many millions of others share their unhappiness; to keep the dormant opposition from awakening to its own developing strength.

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