Concentrated Power Is Not Rendered Harmless By

It Is Most Attractive About The Us To People And Countries With Wealth Is That It Can Provide Security, Insurance Really, Against Political Instability. Nobody Is Afraid That The Money They Place In The Us Is At Risk Of Expropriation Or Of In Some Other Way Being Taken Away. For This Safety, The Wealth Holders Of The World Are Willing To Accept A Lower Rate Of Return.

My Monetary Studies Have Led Me To The Conclusion That Central Banks Could Profitably Be Replaced By Computers Geared To Provide A Steady Rate Of Growth In The Quantity Of Money. Fortunately For Me Personally, And For A Select Group Of Fellow Economists, That Conclusion Has Had No Practical Impact… Else There Would Have Been No Central Bank Of Sweden To Have Established The Award [nobel Prize] I Am Honoured To Receive.

What's The Difference? How Can People Be So Inconsistent? Why Is It That Free Immigration Was A Good Thing Before 1914 And Free Immigration Is A Bad Thing Today? Well, There Is A Sense In Which That Answer Is Right. There's A Sense In Which Free Immigration, In The Same Sense As We Had It Before 1914 Is Not Possible Today. Why Not?

There's No Doubt In My Mind That Ronald Reagan Was By Far The Greatest. Because He Had Real Principles And He Stuck By Them. He Made Clear What He Was Going To Do, And He Did It. He Didn't Back Down.

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