Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices.

I'm not in favor of no government. You do need a government. But by doing so many things that the government has no business doing, it cannot do those things which it alone can do well. There's no other institution in my opinion that can provide us with protection of our life and liberty. However, the government performs that basic function poorly today, precisely because it is devoting too much of its efforts and spending too much of our income on things which are harmful. So I have no doubt that that's the major single problem we face.

The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years.

I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater.

So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.