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

The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union.

The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.

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.

There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.