If government could create jobs and raise children, socialism would have worked.

At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.

In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.

It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.

By merely foreswearing violence and taking advantage of their unique position contiguous with the world’s most creative people, the Palestinians could be rich and happy.

The crucial role of the rich in a capitalist economy is... to invest; to provide unencumbered and unbureaucratized cash.

The United States is probably the most [socially] mobile society in the history of the world. The virtues that are most valuable in it are diligence, discipline, ambition, and a willingness to take risks. Education and credentials are most important in government; elsewhere most skills are learned on the job.