A Quote by Murray Rothbard
What is so terrible about transaction costs? On what basis are they considered the ultimate evil, so that their minimization must override all other considerations of choice, freedom, and justice?
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At the end of the day, if there are truly ethical considerations, those have to override scientific considerations.
Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.
We have freedom to do good or evil; yet to make choice of evil, is not to use, but to abuse our freedom.
One man's blasphemy doesn't override other people's free-speech rights, their freedom to publish, freedom of thought.
The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialist promise us, and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be the freedom of economic activity which, with the right of choice, inevitably also carries the risk and the responsibility of that right
Terrible is the force of the waves of sea, terrible is the rush of the river and the blasts of hot fire, and terrible are a thousand other things; but none is such a terrible evil as woman.
One of the greatest disasters that happened to modern civilization was for democracy to inscribe "liberty" on its banners instead of "justice." Because "liberty" was considered the ideal it was not long until some men interpreted it as meaning "freedom from justice"; then when religion and decent government attempted to bring them back to justice, organized into "freedom groups" they protested that their constitutional and natural rights were being violated.
A nation lives forever through its concepts, honor, and culture. It is for these reasons that the rulers of nations must judge and act not only on the basis of physical and material interests of the nation but on the basis of the nation's historical honor, of the nation's eternal interests. Thus: not bread at all costs, but honor at all costs.
I see nuclear weapons as the ultimate evil, not just evil, but the ultimate evil with the potential to make life unlivable on this planet.
It is a rule that those who come into a Court of justice to seek redress, must come with clean hands, and must disclose a transaction warranted by law.
When people run a business and open their door to the public, they must serve the public. That doesn't mean they can't say whatever they want to say. It doesn't mean they can't believe whatever they want to believe. Those are protected also. But businesses must serve the public. And that's a principle that we fought for in this country over many, many decades, when some were invoking religious freedom as an excuse to deny people on the basis of their race, on the basis of their religion, on the basis of sex and on the basis now of sexual orientation. Let's not confuse one thing with the other.
Justice? Who asks for justice? We make our own justice ... Let us not rail about justice as long as we have arms and the freedom to use them.
There is a difference between myself and some of the peace people in Europe: whereas they think that the ultimate evil in the world is war, I think the ultimate evil in the world is aggression, and aggression sometimes must be repelled by force.
That nations that have gone for equality, like Communism, have neither freedom nor justice nor equality, they've the greatest inequalities of all, the privileges of the politicians are far greater compared with the ordinary folk than in any other country. The nations that have gone for freedom, justice and independence of people have still freedom and justice, and they have far more equality between their people, far more respect for each individual than the other nations. Go my way. You will get freedom and justice and much less difference between people than you do in the Soviet Union.
But the Chief Justice says, 'There must be an ultimate arbiter somewhere.' True, there must; but does that prove it is either party? The ultimate arbiter is the people of the Union, assembled by their deputies in convention, at the call of Congress or of two-thirds of the States. Let them decide to which they mean to give an authority claimed by two of their organs. And it has been the peculiar wisdom and felicity of our Constitution, to have provided this peaceable appeal, where that of other nations is at once to force.
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