No system of regulation can safely be substituted for the operation of individual liberty as expressed in competition.
Interpretation
Individual liberty and competition are essential for a functioning system; regulations cannot replace them.
This quote by Louis D. Brandeis highlights the importance of individual liberty and competition in society. It suggests that while regulations may be necessary, they cannot fully replace the benefits that come from individual freedom and the natural competition it fosters. True progress and innovation arise from allowing individuals to exercise their liberties in a competitive environment, rather than relying solely on imposed rules and regulations.
In practice
This quote can be used in a political debate to argue against excessive regulations.
Experience should teach us to be most on our guard to protect liberty when the Government's purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding.
Those who won our independence believed that the final end of the state was to make men free to develop their faculties... They valued liberty both as an end and as a means. They believed liberty to be the secret of happiness and courage to be the secret of liberty... that public discussion is a political duty; and that this should be a fundamental principle of the American government.
Experience teaches us to be most on our guard to protect liberty when the government's purposes are beneficent.
When those of Jewish blood exhibit moral or intellectual superiority, genius or special talent, we feel pride in them, even if they have abjured the faith like Spinoza, Marx, Disraeli or Heine. Despite the meditations of pundits or the decrees of council, our own instincts and acts, and those of others, have defined for us the term 'Jew.'
In business, the earning of profit is something more than an incident of success. It is an essential condition of success. It is an essential condition of success because the continued absence of profit itself spells failure.
America has believed that in differentiation, not in uniformity, lies the path of progress. It acted on this belief; it has advanced human happiness, and it has prospered.
An honorable man or woman is one who is truthful; free from deceit; above cheating, lying, stealing, or any form of deception. An honorable man or woman is one who learns early that one cannot do wrong and feel right. A man's character is judged on how he keeps his word and his agreements.
β¦ in the relentless and meaningless manner one searches for something in a nightmare, coming on doors that wonβt open or drawers that wonβt shut, struggling over and over against the same meaningless thing, not knowing why the effort seems so desperate, why the sudden sight of a chair with a shawl thrown over it inspires the mind with horror.
The Gods give with one hand and take with the other.
Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
Word is murder of a thing, not only in the elementary sense of implying its absence - by naming a thing, we treat it as absent, as dead, although it is still present - but above all in the sense of its radical dissection: the word 'quarters' the thing, it tears it out of the embedment in its concrete context, it treats its component parts as entities with an autonomous existence: we speak about color, form, shape, etc., as if they possessed self-sufficient being.
I keep a conscience uncorrupted by religion, a judgment undimmed by politics and patriotism, a heart untainted by friendships and sentiments unsoured by animosities.
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