Only A Crisis—actual Or Perceived—produces Real Change.

I Think Almost Every Economist Would Agree That Government Gets Itself In Trouble When It Tries To Interfere With Voluntary Behavior.

What Does It Mean To Say That Government Might Have A Responsibility? Government Can't Have A Responsibility Any More Than The Business Can. The Only Entities Which Can Have Responsibilities Are People.

One Role Of Prohibition Is In Making The Drug Market More Lucrative.

The Problem Is That, In A World Of Floating Exchange Rates, As Italy Was Before The Euro, If One Country Is Subjected To A Shock Which Requires It To Cut Wages, It Cannot Do So With A Modern Kind Of Control And Regulation System. It Is Much Easier To Do It By Letting The Exchange Rate Change. Only One Price Has To Change, Instead Of Many.

The Problem Of Social Organization Is How To Set Up An Arrangement Under Which Greed Will Do The Least Harm, Capitalism Is That Kind Of A System.