Anything That Government Can Do, Private Enterprise

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.

The Rule Of Law Does Not Guarantee Freedom, Since General Law As Well As Personal Edicts Can Be Tyrannical. But Increasing Reliance On The Rule Of Law Clearly Played A Major Role In Transforming Western Society From A World In Which The Ordinary Citizen Was Literally Subject To The Arbitrary Will Of His Master To A World In Which The Ordinary Citizen Could Regard Himself As His Own Master

No Major Institution In The Us Has So Poor A Record Of Performance Over So Long A Period As The Federal Reserve, Yet So High A Public Reputation.

I Am Myself Persuaded, On The Basis Of Extensive Study Of The Historical Evidence, That... The Severity Of Each Of The Contractions - 1920-21, 1929-33, And 1937-38 - Is Directly Attributable To Acts Of Commission And Omission By The Reserve Authorities And Would Not Have Occurred Under Earlier Monetary And Banking Arrangements.

[t]he Burden Of Government Is Not Measured By How Much It Taxes, But By How Much It Spends.