China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.

A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.

The Internet is the most effective instrument we have for globalization.

To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.

If you cannot state a proposition clearly and unambiguously, you do not understand it.

Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.