The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.

You never can cure poverty. Poverty is in the eye of the beholder.

...theories should be judged by their ability to predict events rather than by the realism of their assumptions.

I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.

The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.

Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by earlier politicians.

If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.