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.

If freedom were not so economically efficient it certainly wouldn't stand a chance.

The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.

There's nothing that does so much harm as good intentions.

I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results

Nobody spends somebody else's money as carefully as he spends his own.

Americans know very little about social statistics, but I am not sure that it's important that Americans know about social statistics.