I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.

What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!

Society doesn't have values. People have values.

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 case against a fully independent central bank is strong indeed.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions.