There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.

You had a flood of immigrants, millions of them, coming to this country. What brought them here? It was the hope for a better life for them and their children. And, in the main, they succeeded. It is hard to find any century in history, in which so large a number of people experience so great an improvement in the conditions of their life, in the opportunities open to them, as in the period of the 19th and early 20th century.

There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek. His books were translated and published by the underground and black market editions, read widely, and undoubtedly influenced the climate of opinion that ultimately brought about the collapse of the Soviet Union.

There's no point in comparing an actual, operating system with an ideal system that doesn't exist.

The government solution to a problem is usually as bad as the problem.

The price works so well, so efficiently, that we are not aware of it most of the time.

Underlying most arguments against the free market is a lack of belief in freedom itself.