One can't doubt that the American objective in Iraq has failed. ... Our mission has failed because Iraqi animosities have proved uncontainable by an … - William F. Buckley Jr.

Halfway through the second term of Franklin Roosevelt, the New Deal braintrusters began to worry about mounting popular concern over the national debt. In those days the size of the national debt was on everyone’s mind. Indeed, Franklin Roosevelt had talked himself into office, in 1932, in part by promising to hack away at a debt which, even under the frugal Mr. Hoover, the people tended to think of as grown to menacing size. Mr. Roosevelt’s wisemen worried deeply about the mounting tension ...

And then, suddenly, the academic community came to the rescue. Economists across the length and breadth of the land were electrified by a theory of debt introduced in England by John Maynard Keynes. The politicians wrung their hands in gratitude. Depicting the intoxicating political consequences of Lord Keynes’s discovery, the wry cartoonist of the Washington Times Herald drew a memorable picture. In the center, sitting on a throne in front of a Maypole, was a jubilant FDR, cigarette tilted almost vertically, a grin on his face that stretched from ear to ear. Dancing about him in a circle, hands clasped together, their faces glowing with ecstasy, the braintrusters, vested in academic robes, sang the magical incantation, the great discovery of Lord Keynes: “We owe it to ourselves.” With five talismanic words, the planners had disposed of the problem of deficit spending. Anyone thenceforward who worried about an increase in the national debt was just plain ignorant of the central insight of modern economics: What do we care how much we - the government - owe so long as we owe it to ourselves? On with the spending. Tax and tax, spend and spend, elect and elect ...

Do you favor mandated free tuition?” I answered: “Most positively not.” The crowd unanimously and lustily booed me. “Do you realize,” I persisted, “that you are asking men and women who are, many of them poorer than you, and poorer than your parents; many of whom earn less money than you yourselves will be earning in the course of a few years, to make sacrifices in your behalf?” Boo! “If you don’t believe me,” I said, “go to your economics teachers and ask them.” Boo! “All right,” I said, “don’t go to your economics teachers, and don’t discover the economic realities — you’ll find it much easier on the conscience not to know who is sustaining the hardship for your free education.” Applause! — as a matter of fact.

I am, I fully grant, a phenomenon, but not because of any speed in composition. I asked myself the other day, "Who else, on so many issues, has been so right so much of the time?" I couldn't think of anyone.