If you have methods without principles, you're going to have trouble. But if you develop methods based on principles, then you can make progress.

The essence of a university is free and open inquiry, and when it loses that it is no longer a university.

I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.

When everyone gets something for nothing, soon no one will have anything, because no one will be producing anything.

I have been a libertarian in my past but now I consider myself a classical liberal.

To end cronyism we must end government's ability to dole out favors and rig the market.