Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.

The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.

You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.

The big problem in the long process of dumbing down the schools is that you can reach a point of no return. How are parents who never received a decent education themselves to recognize that their children are not getting a decent education?

People who think that they are being 'exploited' should ask themselves whether they would be missed if they left, or whether people would say: 'Good riddance?'

Social Engineering - The art of replacing what works with what sounds good.

One of the most important skills for political success is the ability to make confident assertions of absurdities or lies.