The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

We had much freer trade in the 19th century. We have much less globalization now than we did then.

The argument for collectivism is simple; free market is not.

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others.

Americans know very little about social statistics, but I am not sure that it's important that Americans know about social statistics.