Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.

The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery.

The simple truth is that our businessmen do not want a government that will let business alone. They want a government they can use.

Considered now as a possession, one may define culture as the residuum of a large body of useless knowledge that has been well and truly forgotten.

Perhaps the prevalence of pedantry may be largely accounted for by the common error of thinking that, because useful knowledge should be remembered, any kind of knowledge that is at all worth learning should be remembered too.

The business of a scientific school is the dissemination of useful knowledge, and this is a noble enterprise and indispensable withal; society can not exist unless it goes on.

In proportion as you give the state power to do things for you, you give it power to do things to you.