Economists ill-serve themselves by describing economics as being about the allocation of scarce resources. It is about the creation of resources.
Capitalism is more an information system than a incentive system.
The key issue in economics is aligning knowledge with power. Regulation is an effort to replace knowledge with power.
Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge.
Families of zero wealth built America.
Hatred of the producers of wealth has become the racism of the intelligentsia.
Contrary to widespread belief academic attainments are of little real importance in performing most jobs.
The only employment generally acceptable in scholarly circles in work which does not produce anything.
The first cuts by a threatened bureaucracy is public service; the last thing cut is excess employees.
Asking regulators to judge new breakthroughs is like asking railroad engineers to judge the plans of the Wright Brothers.
A regulatory apparatus is a parasite that can grow larger than its host industry and becomes in turn a host itself, with the industry reduced to parasitism, dependent on the subsidies and protections of the very government body that ultimately sapped its strength.
The valuable products and services that are never created or marketed because of regulatory excess have no voice.
Comfortable failure will always turn to politics to protect it from change.
As government grows there all too quickly comes a time when solutions are less profitable than problems.
The future is forever incalculable. Only in freedom can its challenges be mastered.
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