I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.

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

Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.

The excuse for the destruction of liberty is always the plea of necessary ' that there is no alternative

The invisible hand in politics operates in the opposite direction to the invisible hand in the market.

Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years.