I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater.

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. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone.

We don't have a desperate need to grow. We have a desperate desire to grow.

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is.

I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing. Unless it is politically profitable for the wrong people to do the right thing, the right people will not do the right thing either, or it they try, they will shortly be out of office.