Sellers in general maintain the quality of their products and services for fear of losing customers otherwise. But, when price controls create a situation where the amount demanded is greater than the amount supplied - a shortage - fear of losing customers is no longer as strong an incentive. For example, landlords typically reduce painting and repairs when there is rent control, because there is no need to fear vacancies when there are more tenants looking for apartments than there are apartments available.

Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.

The biggest difference between people is between those who are trying to do the right thing - whether or not they succeed - and those for whom the only question is how much they can get away with.

One of the many disservices done to young people by our schools and colleges is giving them the puffed up notion that they are in a position to pass sweeping judgments on a world that they have barely begun to experience.

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

If politics were like sports, we could ask Israel to trade us Benjamin Netanyahu for Barack Obama. Of course, we would have to throw in trillions of dollars to get Israel to agree to the deal, but it would be money well spent.

To say that 'wealth in America is so unfairly distributed in America,' as Ronald Dworkin does, is grossly misleading when most wealth in the United States is not distributed: at all. People create it, earn it, save it, and spend it.