A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.

The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power.

Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.

Never try to walk across a river just because it has an average depth of four feet.

When you start paying people to be poor, you wind up with an awful lot of poor people.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

There is not a line in 'The Wealth of Nations' that is not still applicable to this day.