Category: Thought

This is one of the two fundamental weaknesses of all parties aiming at privileges on behalf of special interests. On the one hand, they are obliged to rely on only a small group, because privileges cease to be privileges when they are granted to the majority; but, on the other hand, it is only in their guise as the champions and representatives of the majority that they have any prospect of realizing their demands.

Ludwig von Mises, Liberalism, first published in German as Liberalismus, 1927, and in English as The Free and Prosperous Commonwealth, 1962.

If one rejects laissez faire on account of man’s fallibility and moral weakness, one must for the same reason also reject every kind of government action.

Ludwig von Mises, Planning for Freedom (1952), p. 44

If you attempt by legislation to give any direction to trade or industry, it is a thousand to one that you are doing wrong; and if you happen to be right, it is work of supererogation, for the parties for whom you legislate would go right without you, and better than with you.

Richard Cobden, Speech in the House of Commons (February 27, 1846).

Some physicist might believe that ultimately, we will be able to explain everything. To me, that is utterly stupid, just like saying that an atheist is equally dogmatic as a Texas Baptist. It seems to me that, if you accept evolution, you can still not expect your dog to get up and start talking German. And that’s because your dog is not genetically programmed to do that. We are human animals, and we are equally bound. There are whole realms of discourse out there that we cannot reach, by definition. There are always going to be limits beyond which we cannot go. Knowing that they are there, you can always hope to move a little closer — but that’s all.

James M. Buchanan, in Karen Ilse Horn (ed.) Roads to Wisdom, Conversations With Ten Nobel Laureates in Economics (2009).

The idea of defending, as integral parts of our Empire, countries 10,000 miles off, like Australia, which neither pay a shilling to our revenue . . . nor afford us any exclusive trade . . . is about as quixotic a specimen of national folly as was ever exhibited.

Richard Cobden, a note to Edward Ellice, 1856.

Do not ever doubt the ambition of crazed futurists who truly believe in remaking human civilization and the human race itself to conform to their own Frankenstein-like vision of perfection….

Richard Dolan, “We are in a Global Revolution,” The Richard Dolan Show (September 14, 2021).