History is the memory of a nation

Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today's problems are a result of yesterday's solutions.

Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.

Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.

Cheap medical care is one of the most expensive things there is. So long as politicians can create the illusion of something for nothing, that gets them votes, which is what it is all about, as far as they are concerned.

Tolerating imperfections is the price of freedom.

Asking liberals where wages and prices come from is like asking six-year-olds where babies come from.