I Say Thank God For Government Waste.

The Key Insight Of Adam Smith's Wealth Of Nations Is Misleadingly Simple: If An Exchange Between Two Parties Is Voluntary, It Will Not Take Place Unless Both Believe They Will Benefit From It. Most Economic Fallacies Derive From The Neglect Of This Simple Insight, From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

There Is No Place For Government To Prohibit Consumers From Buying Products The Effect Of Which Will Be To Harm Themselves.

Rich People Are The Experimental Ground For Every New Development. The Nature Of Progress Is That What Begins As A Luxury For The Rich Becomes A Necessity For The Poor As It's Developed And Passed On.

To Really Understand Something You've Got To Reduce It To Its Principles.

I Think There Is Universal Agreement Within The Economics Profession That The Decline - The Sharp Decline In The Quantity Of Money Played A Very Major Role In Producing The Great Depression.