Underlying Most Arguments Against The Free Market

Economists May Not Know Much. But We Know One Thing Very Well: How To Produce Surpluses And Shortages. Do You Want A Surplus? Have The Government Legislate A Minimum Price That Is Above The Price That Would Otherwise Prevail. That Is What We Have Done At One Time Or Another To Produce Surpluses Of Wheat, Of Sugar, Of Butter, Of Many Other Commodities. Do You Want A Shortage? Have The Government Legislate A Maximum Price That Is Below The Price That Would Otherwise Prevail.

Most Economic Fallacies Derive From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

There's No Point In Comparing An Actual, Operating System With An Ideal System That Doesn't Exist.

The Invisible Hand In Politics Operates In The Opposite Direction To The Invisible Hand In The Market.

In A Bureaucratic System, Useless Work Drives Out Useful Work.