The Internet is the most effective instrument we have for globalization.

The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.

I would say that in this world, the greatest source of inequality has been special privileges granted by government.

When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.

The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.

See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.