Some people say that taxes are the price we pay for civilization. But the runaway taxes of our time are the price we pay for being gullible.

Students are often in no position to judge 'relevance' until long after the fact.

Anyone who does not understand the utter cynicism of politics does not understand politics.

Government cannot solve all our problems, even in normal times, much less during a catastrophe of nature that reminds man how little he is, despite all his big talk.

The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: 'But what would you replace it with?' When you put out a fire, what do you replace it with?

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.