Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions.

Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail. That is what we have done at one time or another to produce surpluses of wheat, of sugar, of butter, of many other commodities. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.

If freedom were not so economically efficient it certainly wouldn't stand a chance.

So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.

The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is.

When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.