The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

Corruption exists because there is too much, not too little, market.

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.

95% of Economics is common sense deliberately made complicated.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.