“Concentrated power is not rendered harmless by the good intentions of those who create it.”

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

Anything that government can do, private enterprise can do for half the cost.

Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery.

One role of prohibition is in making the drug market more lucrative.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.

If you cannot state a proposition clearly and unambiguously, you do not understand it.

There’s no such thing as a free lunch.

What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.

The only corporate social responsibility a company has is to maximize its profits.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

Corruption is government intrusion into market efficiencies in the form of regulations.

Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.

There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.

The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

You must distinguish sharply between being pro free enterprise and being pro business.

I was not created to be occupied by eating delicious foods like tied up cattle.

Nature and education are somewhat similar. The latter transforms man, and in so doing creates a second nature.

The federal government did not create the states; the states created the federal government.

The U.S. basically wrote the rules and created the institutions of globalisation.

It is necessary to create hope for tomorrow for farmers and businesses.

I really believe in the philosophy that you create your own universe. I’m just trying to create a good one for myself.

I alone cannot change the world, but I can cast a stone across the waters to create many ripples.

Change. It has the power to uplift, to heal, to stimulate, surprise, open new doors, bring fresh experience and create excitement in life.