Only a crisis, actual or perceived, produces real change.

I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.

I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

If you spend your own money on yourself, you care how much you spend and how well you spend it. If you spend your own money on someone else, you care how much you spend, but you don't care how well it is spent. If you spend someone else's money on yourself, you don't care how much you spend, but you do care how well it is spent. And finally, if you spend someone else's money on someone else, you don't care how much you spend, and you don't care how well it is spent. That is government.

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

Columbus did not seek a new route to the Indies in response to a majority directive.

We had much freer trade in the 19th century. We have much less globalization now than we did then.