The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

When you argue for free markets, you are arguing against the trend.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

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

It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis.

If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.

A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.