I never wanted to be an anchor for 25 years, and suddenly I wanted to be one.

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.

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

Central authority is bad. The bias should be for freedom. And without a central authority, there are lots of little authorities, and we learn which ones to trust.

When entrepreneurs are free to compete, they grow the pie so that everyone's share gets larger.

No transaction happens unless it is voluntary. It only happens if both of you think you win.

When workers can get and equal return for less effort, workers make less effort