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

The problem in this world is to avoid concentration of power - we must have a dispersion of power.

You know there are very few Marxists left in the world... they're all in American universities.

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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.

People hired by government know who is their benefactor. People who lose their jobs or fail to get them because of the government program do not know that that is the source of their problem. The good effects are visible. The bad effects are invisible. The good effects generate votes. The bad effects generate discontent, which is as likely to be directed at private business as at the government.