Asking someone in the media about liberal bias is like asking a fish about water. 'Huh, what are you talking about? Where is it?'

We have all kinds of government compensation systems that are much more efficient than the lawyers.

The political class can't imagine a decentralized world where good things happen...without them. But in the real world, that's exactly how good things happen, and how jobs are created. When government sets simple rules that everyone understands and then gets out of the way, free people create jobs.

Politicians and bureaucrats clearly have no idea how complicated markets are. Every day people make countless tradeoffs, in all areas of life, based on subjective value judgements and personal information as they delicately balance their interests, needs and wants. Who is in a better position than they to tailor those choices to best serve their purposes? Yet the politicians believe they can plan the medical market the way you plan a birthday party.

Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.

People vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.

[T]he only way to shrink the trade deficit is for the government to prohibit us from buying whatever we want.