The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.

One of the bitter ironies of the 20th century was that communism, which began as an egalitarian doctrine accusing capitalism of selfishness and calloused sacrifices of others, became in power a system whose selfishness and callousness toward others made the sins of capitalism pale.

Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.

To say the Constitution is living is to say that it's dead.

In the long run, the greatest weapon of mass destruction is stupidity.

The desire to order other people around and make them conform to one own's vision takes many forms.

One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.