What kind of society isn't structured on greed?

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?!

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.

Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

I think in some ways it would make more sense to have as a poverty level a relative concept and say, the level of poverty is that level of income or that level of consumption below which 10 percent of the people now are.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

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