James Buchanan

The debt we owe to future generations is paid in the currency of freedom.

Public choice analysis reveals the hidden costs of democracy.

In the marketplace of ideas, truth emerges from voluntary discourse.

Politicians sell dreams; economists count the costs.

The rule of law is the bedrock of economic order.

Scarcity forces us to choose, and choice defines civilization.

Bureaucrats maximize budgets, not public welfare.

The American dream is rooted in limited government.

Theory without empirical test is mere conjecture.

Happiness is found in the pursuit of knowledge, not in its possession.

The invisible hand guides markets, but the visible foot tramples freedom.

Constitutional rules are the chains that bind the Leviathan.

Life's greatest lesson is that we are all renters in the house of time.

Incentives align actions with outcomes in voluntary arrangements.

The Nobel Prize is a recognition, not a retirement.

Democracy without limits is mob rule in slow motion.

Economics illuminates the art of living under constraints.

The pen is mightier than the sword, but the ballot can be deadlier.

Public debt is a tax on the unborn.

Wisdom comes from understanding that not all choices are equal.