Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.

In a bureaucratic system, useless work drives out useful work.

Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.

Economic freedom is ... an indispensable means toward the achievement of political freedom.

That's an interesting paradox to think about. Make it legal and it's no good. Why? Because as long as it's illegal the people who come in do not qualify for welfare, they don't qualify for social security, they don't qualify for the other myriad of benefits that we pour out from our left pocket to our right pocket. So long as they don't qualify they migrate to jobs. They take jobs that most residents of this country are unwilling to take. They provide employers with the kind of workers that they cannot get. They're hard workers, they're good workers, and they are clearly better off.

My interest in political philosophy was rather casual until I met Hayek.

There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals for government control in their ideal form, as they might work if run by able, disinterested men free from the pressure of special interest groups.