If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.

The history of mankind is the history of money losing value.

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

Everywhere, and at all times, economic progress has meant far more to the poor than to the rich.

It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.

Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

Never try to walk across a river just because it has an average depth of four feet.