Socialism, in the traditional sense, meant government ownership and operation of the means of production. Outside of North Korea and a couple of other spots, no one in the world today would define socialism that way. That will never come back.

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.

If a tax cut increases government revenues, you haven't cut taxes enough.

Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.

A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.

It all would have been much better if individuals saved for their own old age.

I do not believe there is a natural resource economics. I believe there is good economics and bad economics.