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    The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The first lesson of politics is to disregard the first lesson of economics.

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  13  /  18  

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the read more

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.

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  11  /  22  

The world will never have lasting peace so long as men reserve for war the finest human qualities. Peace, no read more

The world will never have lasting peace so long as men reserve for war the finest human qualities. Peace, no less than war, requires idealism and self-sacrifice and a righteous and dynamic faith.

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  4  /  21  

For target shooting, that's okay. Get a license and go to the range. For defense of the home, that's why read more

For target shooting, that's okay. Get a license and go to the range. For defense of the home, that's why we have police departments.

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When freedom prevails, the ingenuity and inventiveness of people creates incredible wealth. This is the source of the natural improvement read more

When freedom prevails, the ingenuity and inventiveness of people creates incredible wealth. This is the source of the natural improvement of the human condition.

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  4  /  13  

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.".

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  14  /  14  

The Vice-Presidency is sort of like the last cookie on the plate. Everybody insists he won't take it, but somebody read more

The Vice-Presidency is sort of like the last cookie on the plate. Everybody insists he won't take it, but somebody always does.

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Television is democracy at its ugliest.

Television is democracy at its ugliest.

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  4  /  10  

A man is not finished when he's defeated; he's finished when he quits.

A man is not finished when he's defeated; he's finished when he quits.

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...the differences between the conservative and the radical seem to spring mainly from their attitude toward the future. Fear of read more

...the differences between the conservative and the radical seem to spring mainly from their attitude toward the future. Fear of the future causes us to lean against and cling to the present, while faith in the future renders us receptive to change.

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