“We can group socialists and protectionists under the name of restrictionists, whilst those who want to base the distribution of wealth solely on free competition can be called liberationists… “Thus restrictionists are divided into two types: socialists, who through the intervention of the state, wish to change the distribution of
It is incumbent upon us to take action if we do not wish to become the subjects of a new Inca empire.
The determining factor in the value of a good, then, is neither the quantity of labor or other goods necessary for its production nor the quantity necessary for its reproduction, but rather the magnitude of importance of those satisfactions with respect to which we are conscious of being dependent on
No man chooses evil because it is evil; he only mistakes it for happiness, the good he seeks. Mary Wollstonecraft, A Vindication of the Rights of Men (1790).
The monopolist . . . never has unlimited control; he merely has the choice within the laws of price of different “economically possible” price levels. He can select that price at which the combination of profit for each article, and the number of articles to be sold at that price,
There is a heartfelt and near-universal refusal to understand the basic economic principles behind the creation of wealth. P. J. O’Rourke, Eat the Rich: A Treatise on Economics (1998), p. 235.
Gentlemen, you can’t fight in here! This is the War Room. U.S. President Merkin Muffley, as performed by actor Peter Sellers in the (fictional) black comedy Dr. Strangelove, or: How I Stopped Worrying and Learned to Love the Bomb (1964), a film directed by Stanley Kubrick and written by Kubrick,
The moral law was not written for men alone in their individual character, but it was written as well for nations, and for nations great as this of which we are citizens. If nations reject and deride that moral law, there is a penalty which will inevitably follow. It may
Freedom means self-fulfillment. It also means putting up with others’ irritating pursuit of the same. It means being confronted with disturbing images and ideas.
“Knowledge is the conformity of the object and the intellect.”
Where liberty dwells, there is my country. H.L. Mencken attributed this popular statement to Benjamin Franklin, written in a March 14, 1783 letter to Benjamin Vaughan. That letter, however, has not been located. Bartlett’s Familiar Quotations notes this was the motto of James Otis (Latin: Ubi libertas, ibi patria; the
The courageous and strong man repulses oppression, defends his life, his liberty, and his property; by his labor he procures himself an abundant subsistence, which he enjoys in tranquillity and peace of mind. If he falls into misfortunes, from which his prudence could not protect him, he supports them with