You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.

We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation's right to chart its own course.

In the history of the world, no one has ever washed a rented car.

What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

The availability of private insurance provides tremendous insulation for millions of individuals

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.

There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs