A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.

In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment.

You know there are very few Marxists left in the world... they're all in American universities.

I think that the Internet is going to be one of the major forces for reducing the role of government.

The problem in this world is to avoid concentration of power - we must have a dispersion of power.

You never have real changes unless you have a time of crisis.

Making prohibition work is like making water run uphill; it's against nature.