Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal....

The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence market efficiency will win out.

Nothing is so permanent as a temporary government program.

China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.

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

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

My interest in political philosophy was rather casual until I met Hayek.