If freedom were not so economically efficient it certainly wouldn't stand a chance.

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.

See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.

The euro is good for Europe. But only if there is flexibility all around.

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

Only a crisis, actual or perceived, produces real change.