There's no point in comparing an actual, operating system with an ideal system that doesn't exist.

There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.

Inflation is the one form of taxation that can be imposed without legislation.

A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?

I do not believe there is a natural resource economics. I believe there is good economics and bad economics.