Freedom means diversity but also mobility. It preserves the opportunity for today's disadvantaged to become tomorrow's privileged and, in the process, enables almost everyone, from top to bottom, to enjoy a fuller and richer life.

Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.

Humility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.

Politicians will always spend every penny of tax raised and whatever else they can get away with.

I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.

There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.