The word 'racism' is like ketchup. It can be put on practically anything - and demanding evidence makes you a 'racist.'

Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.

We cannot allow the defense of American lives to be held hostage by the United Nations -- which has already given Saddam Hussein a final warning, and now wants to give him another final warning. And, if he doesn't heed that, they will threaten him with yet another warning.

All of us should be on guard against beliefs that flatter ourselves. At the very least, we should check such beliefs against facts.

Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.

Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.

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.