Governments Never Learn. Only People Learn.

My Interest In Political Philosophy Was Rather Casual Until I Met Hayek.

If You Continue To Use Monetary Policy To Attempt To Promote Full Employment The Result Would Be That You Would Have Higher Inflation, And That You Would Not Have Lower Unemployment.

In Response To A Suggestion That Total Free Trade Would End In Cheaper Foreign Products Flooding The Market And Causing Unemployment.

The Soviet Experience Was Much Worse Than Experts In The West Had Thought. That Discovery Had A Tremendous Impact Both On The Intellectual Community And On The Public At Large.

The Collapse Of Communism In Essence Added Tens And Tens Of Millions Of People To The World Labor Supply, And The People Who Were Added Had Previously Been Getting Very Low Income, But They Were Not Unskilled. Many Of Them Were Fairly Well Educated.