The multiplication of a product commonly reduces its price: that reduction extends its consumption; and so its production, though become more rapid, nevertheless gives employment to more hands than before. It is beyond question that the manufacture of cotton now occupies more hands in England, France, and Germany than it did before the introduction of the machinery that has abridged and perfected this branch of manufacture in so remarkable a degree.
We can have exactly as many paupers as the country chooses to pay for.
Thomas Mackay, Methods of Social Reform (London: John Murray, 1896), p. 210.
Subsidies prolong the life of inefficient firms and prevent the flexibility of the market from fully satisfying consumer wants. The greater the extent of government subsidy, the more the market is prevented from working, the more resources are frozen in inefficient ways, and the lower will be the standard of living of everyone. Furthermore, the more government intervenes and subsidizes, the more caste conflict will be created in society, for individuals and groups will benefit only at one another’s expense.
When we can lay down our fear and anger and choose responses other than aggression, we create the conditions for bringing out the best in us humans.
In these troubled, uncertain times, we don’t need more command and control; we need better means to engage everyone’s intelligence in solving challenges and crises as they arise.
Ethical axioms are found and tested not very differently from the axioms of science. Truth is what stands the test of experience.
Curiosity killed the cat, but satisfaction brought it back.
Man is born broken. He lives by mending. The grace of God is glue.
One can hardly say that republicanism has failed, or say a priori that it is bound to fail, so long as it has not been tried under conditions essential to its success.
As long as our people are incapable of the simplest possible process of putting two and two together, I can not get much warmed up over their political misfortunes.