Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

The benefits of a tariff are visible. Union workers can see they are "protected". The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it.

The proper role of government is exactly what John Stuart Mill said in the middle of the 19th century in "On Liberty." The proper role of government is to prevent other people from harming an individual. Government, he said, never has any right to interfere with an individual for that individual's own good.

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

The great achievements of civilization have not come from government bureaus.

Corruption is government intrusion into market efficiencies in the form of regulations.