Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
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.
Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
There's no such thing as a free lunch.
Underlying most arguments against the free market is a lack of belief in freedom itself.
I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.
Nothing is so permanent as a temporary government program.
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
Inflation is the one form of taxation that can be imposed without legislation.
We have a system that increasingly taxes work and subsidizes nonwork.
Inflation is taxation without legislation.
History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Is it really true that political self-interest is nobler somehow than economic self-interest?
Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
One man's opportunism is another man's statesmanship.
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.