The much-maligned price system works not only to secure supply but to conserve. [...] Profits and prices are the street signs of the economy. Only fools flout them.
Ilana MercerRights give rise to legal claims. Ultimately, the more rights animals are granted, the greater the legal lien exercised on their behalf against the liberty and property of people.
Ilana MercerA silly society is a youth-obsessed society: To the Chinese, who appreciate the value of experience, the greater the ratio in a team of grey 'hairs and no-hairs' to 'black hairs' the faster and better a task will be completed. The opposite assumption obtains in the youth-obsessed U.S.
Ilana MercerIn the bureaucracy, incentives will forever be inverted. Failure results in success: in more funds, more training, more time off.
Ilana Mercer