Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

It doesn't worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business.

The only corporate social responsibility a company has is to maximize its profits.