There are 3 questions that would destroy most of the arguments of the Left. The first is - compared to what? The second is - at what cost? And the third is - what hard evidence do you have?

You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.

One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.

If one writing contributed more than any other to the framework in which this work Sowell's Knowledge and Decisions developed, it would be an essay entitled 'The Use of Knowledge in Society,' published in the American Economic Review of September 1945, and written by F. A. Hayek . . In this plain and apparently simple essay was a deeply penetrating insight into the way societies function and malfunction, and clues as to why they are so often and so profoundly misunderstood.

As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.

Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.

If you have a right to respect, that means other people don't have a right to their own opinions.