I do not believe there is a natural resource economics. I believe there is good economics and bad economics.

I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point of view, a point of view which stresses the importance of private markets, of individual freedom, and the distorting effect of governmental policy.

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. The reason I am is because I believe the big problem is not taxes, the big problem is spending. The question is, 'How do you hold down government spending? The only effective way I think to hold it down, is to hold down the amount of income the government has. The way to do that is to cut taxes

I start ... from a belief in individual freedom and that derives fundamentally from a belief in the limitations of our knowledge, from a belief ... that nobody can be sure that what he believes is right, is really right ... I'm an imperfect human being who cannot be certain of anything, so what position ... involved the least intolerance on my part? ... The most attractive position ... is putting individual freedom first.

We measure poverty by what I believe is a very, very crude concept. We actually measure poverty by trying to get some kind of an estimate of the minimum expenditures on food that are required to maintain health, multiplying that number by three, and saying that's the level of poverty. And it's a very crude, inaccurate arrangement.

I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age.

How can thinking people believe that a government that cannot deliver the mail can deliver gas better than Exxon, Mobil, Texaco, Gulf, and the rest?

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

Underlying most arguments against the free market is a lack of belief in freedom itself.

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.

Making prohibition work is like making water run uphill; it's against nature.

I start ... from a belief in individual freedom and that derives fundamentally from a belief in the limitations of our knowledge, from a belief ... that nobody can be sure that what he believes is right, is really right ... I'm an imperfect human being who cannot be certain of anything, so what position ... involved the least intolerance on my part? ... The most attractive position ... is putting individual freedom first.

Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority. The preservation of freedom requires the elimination of such concentration of power to the fullest possible extent and the dispersal and distribution of whatever power cannot be eliminated — a system of checks and balances.

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

Economic freedom is ... an indispensable means toward the achievement of political freedom.

Our emphasis here is based not only on the growing seriousness of drug-related crimes, but also on the belief that relieving our police and our courts from having to fight losing battles against drugs will enable their energies and facilities to be devoted more fully to combatting other forms of crime. We would thus strike a double blow: reduce crime activity directly, and at the same time increase the efficacy of law enforcement and crime prevention.

We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.

The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.

I am convinced that the minimum-wage law is the most anti-Negro law on our statute books in its effect, not its intent.

The rule of law does not guarantee freedom, since general law as well as personal edicts can be tyrannical. But increasing reliance on the rule of law clearly played a major role in transforming Western society from a world in which the ordinary citizen was literally subject to the arbitrary will of his master to a world in which the ordinary citizen could regard himself as his own master

So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.

Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other measure that would accomplish so much to promote law and order?

When something goes wrong, the natural tendency is to say, "By God, we need to pass a law and do something."

I think that nothing is so important for freedom as recognizing in the law each individual’s natural right to property, and giving individuals a sense that they own something that they’re responsible for, that they have control over, and that they can dispose of.

A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.

Be aware of wonder. Live a balanced life - learn some and think some and draw and paint and sing and dance and play and work every day some.

I think my writing is part of my ministry.

I don't think there is a hidden purpose to the universe that you have to puzzle out.

We are the only creatures that both laugh and weep. I think it's because we are the only creatures that see the difference between the way things are and the way they might be.

Think what a better world it would be if we all-the whole world-had cookies and milk about three o'clock every afternoon and then lay down with our blankies for a nap. Or if all governments had as a basic policy to always put things back where they found them and to clean up their own mess. And it is still true, no matter how old you are-when you go out into the world, it is best to hold hands and stick together.

If you do not join the dancing you will feel foolish. So why not dance? And i will tell you a secret: If you do not join the dance, we will know you are a fool. But if you dance, we will think well of you for trying. if you dance badly to begin and we laugh, what is the sin in that? We will begin there.

It’s harder to talk about, but what I really, really, really want for Christmas is just this: I want to be 5 years old again for an hour. I want to laugh a lot and cry a lot. I want to be picked or rocked to sleep in someone’s arms, and carried up to be just one more time. I know what I really want for Christmas: I want my childhood back. People who think good thoughts give good gifts.

Liberation, I guess, is everybody getting what they think they want, without knowing the whole truth. Or in other words, liberation finally amounts to being free from things we don't like in order to be enslaved by things we approve of. Here's to the eternal tandem.

If you tell people you talk to God, they'll think you're religious, but if you say God talks to you, it's ten to one they'll think you're crazy.

If someone were to ask me whether I believed in God, or saw God, or had a particular relationship with God, I would reply that I don't separate God from my world in my thinking. I feel that God is everywhere. That's why I never feel separated from God or feel I must seek God, any more than a fish in the ocean feels it must seek water. In a sense, God is the "ocean" in which we live.

Sometimes, when asked the what-do-you-do question, it occurs to me to say that I work for the government. I have a government job, essential to national security. I AM A CITIZEN. Like the Supreme Court judges, my job is for life, and the well-being of my country depends on me. It seems fair to think that I should be held accountable for my record in the same way I expect accountability from those who seek elected office. I would like to be able to say that I can stand on my record and am proud of it.

I often say that I don't worry about the meaning of life-I can't handle that big stuff. What concerns me is the meaning in life-day by day, hour by hour, while I'm doing whatever it is I do. What counts is not what I do, but how I think about myself while I'm doing it.

So you drive as far as you can, even when you can clearly read the sign. You want to think you are exempt, that it doesn’t apply to you. But it does. Life is still a dead end. And we still have a hard time believing it

Sometimes during the day, I consciously focus on some ordinary object and allow myself a momentary "paying-attention." This paying-attention gives meaning to my life. I don't know who it was, but someone said that careful attention paid to anything is a window into the universe. Pausing to think this way, even for a brief moment, is very important. It gives quality to my day.

Only an open mind still has room for new knowledge. What is outgrown and used up must be discarded to make room for what is yet to be learned. And much of the best thinking is done alone-in deserts, on beaches, in bed, behind closed doors. It is why we say we need to get away-to escape from clutter and busyness-to hear ourselves think.

You may never have proof of your importance but you are more important than you think. There are always those who couldn’t do without you. The rub is that you don’t always know who.

These are the things I learned: share everything, play fair. Don't hit people. Put things back where you found them. Clean up your own mess. Don't take things that aren't yours. Say you're sorry when you hurt somebody. Wash your hands before you eat. Warm cookies and cold milk are good for you. Live a balanced life. Learn some and think some and draw some and paint and sing and dance and play and work some every day. Take a nap every afternoon, and, when you go out into the world, watch for traffic, hold hands, and stick together.

I believe that imagination is stronger than knowledge. That myth is more potent than history. That dreams are more powerful than facts. That hope always triumphs over experience. That laughter is the only cure for grief. And I believe that love is stronger than death.

If you break your neck, if you have nothing to eat, if your house is on fire, then you got a problem. Everything else is inconvenience.

You are free to give life meaning, whatever meaning you want to give it.