“The worth of the state, in the
long run, is the worth of the individuals composing it” John Stuart Mill
“The only purpose for which power
can be rightfully exercised over any member of a civilized community
against his will is to prevent harm to others.” John Stuart Mill
“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.” Thomas Sowell
"Economics: The study of mankind in
the ordinary business of life; it examines that part of individual and
social action which is most closely connected with the attainment and with
the use of the material requisites of wellbeing." (circa 1920)
"No man's life, liberty, or property is
safe while the legislature is in session." Judge Gideon Tucker
"Think things, not words." In words,
many see a need for "social justice" to override "the dictates
of the market." In reality, what is called "the market"
consists of human beings making their own choices at their own cost. What is
called "social justice" is government imposition of the notions of
third parties, who pay no price for being wrong.
Oliver Wendell Holmes
"A society that puts equality -- in the sense of equality of outcome --
ahead of freedom will end up with neither equality nor freedom. The use of
force to achieve equality will destroy freedom, and the force, introduced for
good purposes, will end up in the hands of people who use it to promote their
Learn more about some of history's most
"The study of economics won't keep you out
of the breadline; but at least you'll know why you are there."
Frank Ward (circa 1940)
In a free country people are free to do anything not expressly prohibited
by law or the constitution.
shall not grow wiser before we learn that much that we have done was very