How Do You Hold Down Government Spending?

The Great Depression Was Not A Sign Of The Failure Of Monetary Policy Or A Result Of The Failure Of The Market System As Was Widely Interpreted. It Was Instead A Consequence Of A Very Serious Government Failure, In Particular A Failure In The Monetary Authorities To Do What They'd Initially Been Set Up To Do.

I Believe That The Monetary Stability Is An Absolutely Critical Element In The Satisfactory Operation Of A System.

Now Here's Somebody Who Wants To Smoke A Marijuana Cigarette. If He's Caught, He Goes To Jail. Now Is That Moral? Is That Proper? I Think It's Absolutely Disgraceful That Our Government, Supposed To Be Our Government, Should Be In The Position Of Converting People Who Are Not Harming Others Into Criminals, Of Destroying Their Lives, Putting Them In Jail. That's The Issue To Me. The Economic Issue Comes In Only For Explaining Why It Has Those Effects. But The Economic Reasons Are Not The Reasons.

The True Test Of Any Scholar's Work Is Not What His Contemporaries Say, But What Happens To His Work In The Next 25 Or 50 Years.

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