The Free Market Is Not Only A

The Essential Notion Of A Capitalist Society ... Is Voluntary Cooperation, Voluntary Exchange. The Essential Notion Of A Socialist Society Is Force.

Making Prohibition Work Is Like Making Water Run Uphill; It's Against Nature.

The Only Reason There Is A Crisis About Social Security In The Us And Pensions In Europe And Japan Is That You Cannot Maintain A "ponzi" Scheme Indefinitely. We Have Collected From Today's Young To Pay Today's Old And Counted On Tomorrow's Young To Keep Doing So. That Was A Fine Scheme As Long As The Number Of Young People Was Rising Faster Than Old People. When That Ratio Comes To An End, Such A System Also Has To End.

The Argument For Collectivism Is Simple If False; It Is An Immediate Emotional Argument. The Argument For Individualism Is Subtle And Sophisticated; It Is An Indirect Rational Argument. And The Emotional Faculties Are More Highly Developed In Most Men Than The Rational, Paradoxically Or Especially Even In Those Who Regard Themselves As Intellectuals.

The Depression, Which Started In 1929 Was Rather Mild From 1929 To 1930. And, Indeed, In My Opinion Would Have Been Over In 1931 At The Latest Had It Not Been That The Federal Reserve Followed A Policy Which Led To Bank Failures, Widespread Bank Failures, And Led To A Reduction In The Quantity Of Money.