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

You never have real changes unless you have a time of crisis.

The big issue is whether the United States will succeed in its venture of reshaping the Middle East. It is not clear to me that using military force is the way to do it. We should not have gone into Iraq. But we have.

It is taken for granted that workers should receive their pay partly in kind, in the form of medical care provided by the employer. How come? Why single out medical care? Surely food is no less essential to life than medical care. Why is it not at least as logical for workers to be required to buy their food at the company store as to be required to buy their medical care at the company store?

I think that the Internet is going to be one of the major forces for reducing the role of government.

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

Hell hath no fury like a bureaucrat scorned.