Society doesn't have values. People have values.

. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom.

Government power must be dispersed. If government is to exercise power, better in the county than in the state, better in the state than in Washington. If I do not like what my local community does, be it in sewage disposal, or zoning, or schools, I can move to another local community, and though few may take this step, the mere possibility acts as a check. If I do not like what Washington imposes, I have few alternatives in this world of jealous nations.

The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years.

In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.