There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

The sort of dependence that results from exchange, i.e., from commercial transactions, is a reciprocal dependence. We cannot be dependent upon a foreigner without his being dependent on us. Now, this is what constitutes the very essence of society. To sever natural interrelations is not to make oneself independent, but to isolate oneself completely.

As proof of this statement, consider this question: Have the people ever been known to rise against the Court of Appeals, or mob a Justice of the Peace, in order to get higher wages, free credit, tools of production, favorable tariffs, or government-created jobs? Everyone knows perfectly well that such matters are not within the jurisdiction of the Court of Appeals or a Justice of the Peace. And if government were limited to its proper functions, everyone would soon learn that these matters are not within the jurisdiction of the law itself.

We cannot but be astonished at the ease with which men resign themselves to ignorance about what is most important for them to know; and we may be certain that they are determined to remain invincibly ignorant if they once come to consider it as axiomatic that there are no absolute principles.

Taking Five and Returning Four is not Giving

The impulses of my heart are the voice of Nature, which is never mistaken. The institutions that stand in my way are man-made and are only arbitrary conventions to which I have never given my consent. In trampling these institutions underfoot, I shall have the double pleasure of satisfying my inclinations and of believing myself a hero

When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it.