With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

Inflation is taxation without legislation.

A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

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.

I would say that in this world, the greatest source of inequality has been special privileges granted by government.