In a democracy, we have always had to worry about the ignorance of the uneducated. Today we have to worry about the ignorance of people with college degrees.

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

The curse of the intelligentsia is their ability to rationalize and re-define. Ordinary people, lacking that gift, are forced to face reality.

The law of diminishing returns means that even the most beneficial prinicple will become harmful if carried far enough.

To include freedom in the very definition of democracy is to define a process not by its actual characteristics as a process but by its hoped for results. This is not only intellectually invalid, it is, in practical terms, blinding oneself in advance to some of the unwanted consequences of the process.

All too often, we do smart things only after exhausting every conceivable dumb thing we could have done.

For every expert there is an equal and opposite expert, but for every fact there is not necessarily an equal and opposite fact.