The heart of the liberal philosophy is a belief in the dignity of the individual, in his freedom to make the most of his capacities and opportunities according to his own lights.

I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.

You could not possibly maintain the current level of government taxation without the taxes being hidden, and they are hidden in two very different ways. They are hidden through withholding, but they are also hidden by being imposed on business, supposedly on business, when really, of course, business can't pay taxes, only people can pay taxes.

My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there are unused resources ... people having skills which are not being used.

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

The history of mankind is the history of money losing value.

...theories should be judged by their ability to predict events rather than by the realism of their assumptions.