The profit motive promotes economic growth by creating better products at cheaper prices.

Even though I've reached retirement age, I still plan to work - writing my investment newsletter, speaking at conferences, publishing books, and producing conferences like FreedomFest.

When everyone is a contrarian, nobody is a contrarian

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.

For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.

In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.

Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.