Notable Quote

Notable Quote – Paul Samuelson

by Skip September 24, 2016

Let me read you another one. “Minimum wage rates: these often hurt those they are designed to help. What good does it do a Negro youth to know that an employer must pay him $1.60 per hour if the fact that he must be paid that amount is what keeps him from getting a job?” […]

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Notable Quote – James Madison

by Skip September 15, 2016

Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives. If men were angels, no government would be necessary. – James Madison Alas and alack, I fear that this admonishment has fallen on deaf ears, at least in our current times.  Thanks […]

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Notable Quote – F.A. Hayek

by Skip September 10, 2016

That we can never know all that the people know whose actions determine the formation of prices and the methods and direction of production is, of course, of decisive importance not only for theory. It has also the greatest significance for political action. The fact that much more knowledge contributes to form the order of […]

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Notable Quote – Bob Higgs

by Skip September 5, 2016

People who think, work, create, invest, plan, and carry out productive projects make the world work. People who collect taxes, create mountains of unnecessary regulations, threatening violence against those who fail to comply with them, and devote vast amounts of extorted resources to wreaking senseless death and destruction at home and abroad also make the […]

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Notable Quote – thank you, Social Justice Warriors

by Skip September 2, 2016

The Frankfurt School has won? “Everybody`s entitled to their own opinion. If you want to bring the gay flag to school, more power to you. You want to have your Confederate flag, you want to have the American flag, more power to you, it`s freedom of speech,” “This is supposed to be America, the land […]

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Notable Quote – Teddy Roosevelt

by Skip August 24, 2016

“Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.” -Theodore Roosevelt (President, Soldier, Naturalist, Adventurer, November 4th, 1910) Even […]

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Notable Quote – Deirdre N. McCloskey

by Skip August 22, 2016

The enrichment [of the modern world] came mainly from bourgeois liberty and creativity unbridled, not from piling up constraints on voluntary deals or from redistributing what income we get from the deals. Wages and working conditions, after such shocking enrichment, are in fact determined largely by supply and demand, not by regulations passed by Congress […]

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Notable Quote – Victor Davis Hanson

by Skip August 16, 2016

Orwell was wrong only on his dates. Had he entitled his novel 2016, we would immediately have recognized his parallels to the present “overseas contingency operations,” “violent extremism,” “undocumented immigrants,” and “man-caused disasters.” The campus diversity czar is our Big Brother. Imagining that all lives matter is a thought crime. Due process on a campus […]

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Notable Quote – Glen Reynolds

by Skip August 13, 2016

Leftism impoverishes and kills, again and again. But politicians like it because it offers them control, and opportunities for graft. Voters like it because, well, it’s a con game designed to take advantage of greed and envy. Remember, under free markets the rich become powerful. But under socialism, the powerful become rich. -Glenn Reynolds (Da […]

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Notable Quote – Seth Barrett Tillman

by Skip August 9, 2016

“In Western societies, there is now a tremendous disconnect between the traditional political and business elites and the citizenry. The populations of the West now find themselves ruled by a transnational elite who see tradition, loyalty, and patriotism as primitive, and whose promoters within academia, nonprofits, government bodies, labour unions, NGOs, and the media teach […]

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Notable Quote – Richard Epstein

by Skip August 5, 2016

On (in part) Freedom of association, Government, and public accommodation (emphasis mine): Historically, Title II [of the Civil Rights Act of 1964, with public accommodation provisions] had two potent justifications. The first is that it was a necessary corrective against massive abuses of state power under Jim Crow. Thankfully, that risk is gone today. The […]

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Suggestion Box – How to Make ‘Legislating’ Easier c/o Ian Underwood

by Steve MacDonald August 4, 2016
Thumbnail image for Suggestion Box – How to Make ‘Legislating’ Easier c/o Ian Underwood

“Anyway, until we stop combining common law and statutes, it seems to me that there is very little point in creating new statutes, or in trying to amend constitutions. In fact, it would save everyone a lot of time and trouble if the legislature, instead of drafting a bill and holding hearings, would just write […]

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Notable Quote – Prof. Walter Williams

by Skip August 2, 2016

On minimum wage laws: There are many real-world examples of compensating differences. Full-fledged doctors receive hourly pay that ranges between $80 and $157. A brand-new intern earns about $34 an hour. What do you think would happen to a hospital’s willingness to hire an intern if there were a minimum hourly wage for interns of, […]

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Notable Quote – Ronald Reagan

by Skip July 25, 2016

“Freedom is the right to question, and change the established way of doing things. It is the continuing revolution of the marketplace. It is the understanding that allows us to recognize shortcomings and seek solutions. It is the right to put forth an idea, scoffed at by the experts, and watch it catch fire among […]

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Notable Quote – F. A. Hayek

by Skip July 21, 2016

Where it is a question, not of a momentary emergency, but of obtaining the largest supplies over a period and at the least sacrifice of other production, the price mechanism is infinitely superior to any other method. A rise of prices not only forces people to use the commodity sparingly in every possible use, including […]

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Notable Quote – Frank Knight

by Skip July 11, 2016

 “…the probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master on a slave plantation.” -Frank Knight (H/T: Cafe Hayek)

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Notable Quote – Kevin D. Williamson

by Skip July 8, 2016

On FBI Director Comey’s decision on Hillary Clinton (emphasis mine): The actions by the FBI and the DOJ in this matter are legally and morally indefensible. The fact that these legally and morally indefensible actions come as no real surprise to anybody who has been paying attention indicates the character of the government under which […]

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Notable Quote – Randy Holcombe

by Skip June 27, 2016

Freedom is meaningless if we are only free to make choices that meet with government approval. The Progressive ideology compromises freedom and takes away the individual rights that at one time justified the existence of our American government. Progressivism is a direct attack on freedom. -Prof. Randy Holcombe Of course it is – that’s what Socialism […]

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Notable Quote – Oren Cass

by Skip June 16, 2016

UBI => Universal Basic Income, whereby Government just gives everyone, children and adults, some sum of money every year (e.g., $10,000) A UBI would pose severe practical challenges, which will be discussed later in this article. But even if it could work, it should be rejected on principle. A UBI would redefine the relationship between […]

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Notable Quote – Tom Lehman

by Skip June 14, 2016

It seems the moment we automate some given process with labor-saving devices, we identify some new problem, unresolved issue, or unmet need, and the scarce labor resources that had been employed in the now automated line of work are eventually shifted over to the new problem to address the continued and ongoing struggle against scarcity […]

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Notable Quote – King Abdullah II of Jordan

by Skip June 13, 2016

“I think I believe in American power more than Obama does.” King Abdullah was educated here in the States.  Wish the same thing had happened to Obama.

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Notable Quote – Henry Hazlitt

by Skip June 11, 2016

This vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. We should all rightly be concerned with the plight of the poor and unfortunate. But the hard two-part question that any plan for relieving poverty must answer is: How can we mitigate the penalties […]

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Notable Quote – David Solway

by Skip June 7, 2016

Nothing is too big to fail, including civilizations, and ours is no exception. The decline of the West is historically inevitable, subject to the universal principle of entropy that functions on every plane of natural existence, including the cultural. The agencies by which it works on this level are readily isolated: the endemic vices and […]

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Notable Quote – William Easterly

by Skip May 30, 2016

The other great accomplishment of markets is that they reconcile the choices people make for themselves with the choices other people are making. Back at the dinner table we find that no Planner is necessary to process the enormous amount of information that is required to decide how much pasta, rice, cheese, and takeout cuisines […]

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Notable Quote – William Easterly

by Skip May 29, 2016

The market, by contrast [to state and other nonmarket means of supplying goods and services], rewards the profit-seeking baker according to just how much the consumers feel the bread is worth at solving their nutritional gluten problem. So the market will self-correct. Suppose there is a high social payoff to making bread for consumers – […]

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Notable Quote – Tom Bethell

by Skip May 20, 2016

The classical-liberal conception of rights is likely to be discomforting to any ruling class, no matter how constituted, because it reliably subtracts power from those who rule, or hope to, and distributes it among the people. Decentralized private property has had precisely that effect. -Tom Bethell (The Noblest Triumph) (H/T: Cafe Hayek)

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Notable Quote – Steve Horwitz

by Skip May 12, 2016

First, markets really do capture the voices of the people. Markets are, in F.A. Hayek’s words, communication processes. When we buy and sell — or refrain from doing so — we are sending messages to others about what we want and do not want, and what we’re willing to give up to get it. As […]

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Notable Quote – Ezra Levant

by Skip May 10, 2016

“Universities are now just daycare for millennials who don’t want to grow up, whose only real purpose is to become little soldiers of political correctness and radical activists. I’m not calling for a ban on anything. Except a ban on forcing the rest of us to pay for this crap.” -Ezra Levant Problem is, we […]

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Notable Quote – William Allen

by Skip May 2, 2016

If we are not physically overrun by barbarians, what will destroy us?  Not learned quibbles on the nuances of what the Founding Fathers really meant.  Rather, we will ruin ourselves with minimum wage and comparable worth laws; with controls on prices of goods, apartments, and loans; with erratic changes in the price level; with government […]

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Notable Quote – F.A. Hayek

by Skip April 29, 2016

It is one of the great tragedies of our time that the masses have come to believe that they have reached their high standard of material welfare as a result of having pulled down the wealthy, and to fear that the preservation or emergence of such a class would deprive them of something they would […]

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