Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.

It doesn't matter how smart you are unless you stop and think.

Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.

A friend from India told me that a countryman of his said: "I want to go to America. I want to see a country where poor people are fat."

If you start from a belief that the most knowledgeable person on earth does not have even one percent of the total knowledge on earth, that shoots down social engineering, economic central planning, judicial activism, and innumerable other ambitious notions favored by the political left.

Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe.

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.