Even the Soviet Union, with its huge nuclear arsenal, was a threat that could be deterred by the prospect of retaliation. But suicide bombers cannot be deterred. They can only be annihilated - preemptively and unilaterally, if necessary.

In politics, throwing the taxpayers' money at disasters is supposed to show your compassion. But robbing Peter to pay Paul is not compassion. It is politics.

As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.

We are... living in a free society without the faith that built that society - and without the conviction and dedication needed to sustain it... We still have the cathedral of freedom but how long will it last without the faith?

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

Most of the people in the upper income brackets are not rich and do not have wealth sheltered offshore. They are typically working people who have finally reached their peak earning years after many years of far more modest incomes-and now see much of what they have worked for siphoned off by politicians, to the accompaniment of lofty rhetoric.

We need laws written by people who have confronted life in the real world, not in the sheltered world of trust fund recipients of the insulated cocoon of academia.