Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.

When Adam Smith was being incomprehensible, he didn't have the luxury of brief, snappy technical terms as a shorthand for incoherence.

The problem isn't a Congress that won't cut spending or a president who won't raise taxes. The problem is an American public with a bottomless sense of entitlement to federal money.

The difference between corporations and governments is governments have a monopoly on force. It's a lot easier to vote with your feet or your wallet than it is to change a government with your vote.

There's something about Marxism that brings out warts; the only kind of growth this economic system encourages.

Veal is a very young beef and, like a very young girlfriend, it's cute but boring and expensive.

If we want the whole world to be rich, we need to start loving wealth. In the difference between poverty and plenty, the problem is the pverty, not the difference. Wealth is good.