To really understand something you've got to reduce it to its principles.

The current oil crisis has not been produced by the oil companies. It is a result of governmental mismanagement exacerbated by the Mideast war.

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

When you start paying people to be poor, you wind up with an awful lot of poor people.

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

Humility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.

The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.