As Long As We Issue Fiat Currency,

By Far The Most Significant Event In Finance During The Past Decade Has Been The Extraordinary Development And Expansion Of Financial Derivatives.

There Is Nothing To Guarantee The Superior Judgment, Knowledge, And Integrity Of An Inspector Or A Bureaucrat-and The Deadly Consequences Of Entrusting Him With Arbitrary Power Are Obvious.

While Local Economies May Experience Significant Price Imbalances, A National Severe Price Distortion Seems Most Unlikely In The United States, Given Its Size And Diversity.

It's Hard To Overemphasize How Important Ford's Deregulation Was. True, Most Of The Benefits Took Years To Unfold-rail Freight Rates, For Example Hardly Budged At First. Yet Deregulation Set The Stage For An Enormous Wave Of Creative Destruction In The 1980s.

We Ought To Be Opening Up Our Borders To Skilled Labour From All Parts Of The World Because [the State Of The World Is As Follows: ] If We Were To Do That We Would Increase The Supply Of Skilled Workers That Our Schools Have Been Unable To Create And As A Consequence Of That We Would Lower The Average Wage Of Skills And Reduce The Degree Of Income Inequality In This Country.