If freedom led to wider inequality, I would prefer that to a world in which I got artificial equality at the expense of freedom. My objective, my god... is freedom of individuals to pursue their own values.

Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.

If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level.

Now that I'm 60, every morning I look in the mirror and say, "I don't know who you are, stranger, but I'm gonna shave you anyway".

Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay