Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.

Deception is one of the quickest ways to gain little things and lose big things.

It is fascinating to watch politicians come up with 'solutions' to problems that are a direct result of their previous solutions. In many cases, the most efficient thing to do would be to repeal their previous solution and stop being so gung-ho for creating new solutions in the future. But, politically, that is the last thing they will do.

Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.

A moral monopoly is the antithesis of a marketplace of ideas.

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

Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.