Fundamentally, There Are Only Two Ways Of

We Economists Don't Know Much, But We Do Know How To Create A Shortage. If You Want To Create A Shortage Of Tomatoes, For Example, Just Pass A Law That Retailers Can't Sell Tomatoes For More Than Two Cents Per Pound. Instantly You'll Have A Tomato Shortage. It's The Same With Oil Or Gas.

. . . It Is Worth Discussing Radical Changes, Not In The Expectation That They Will Be Adopted Promptly But For Two Other Reasons. One Is To Construct An Ideal Goal, So That Incremental Changes Can Be Judged By Whether They Move The Institutional Structure Toward Or Away From That Ideal. The Other Reason Is Very Different. It Is So That If A Crisis Requiring Or Facilitating Radical Change Does Arise, Alternatives Will Be Available That Have Been Carefully Developed And Fully Explored.

You Know There Are Very Few Marxists Left In The World... They're All In American Universities.

When A Private Enterprise Fails, It Is Closed Down; When A Government Enterprise Fails, It Is Expanded. Isn't That Exactly What's Been Happening With Drugs?

If You Do Not Force Political Freedom, Economic Freedom Will Be Stymied Sooner Or Later.