Inflation Is Always And Everywhere A Monetary

What Would The People Who Sold Us Goods Do With The Money? They'd Get Dollars. What Would They Do With The Dollars? Eat Them?!

Self-interest Is Not Myopic Selfishness. It Is Whatever It Is That Interests The Participants, Whatever They Value, Whatever Goals They Pursue. The Scientist Seeking To Advance The Frontiers Of His Discipline, The Missionary Seeking To Convert Infidels To The True Faith, The Philanthropist Seeking To Bring Comfort To The Needy - All Are Pursuing Their Interests, As They See Them, As They Judge Them By Their Own Values.

A Minimum-wage Law Is, In Reality, A Law That Makes It Illegal For An Employer To Hire A Person With Limited Skills.

Fundamentally, There Are Only Two Ways Of Coordinating The Economic Activities Of Millions. One Is Central Direction Involving The Use Of Coercion - The Technique Of The Army And Of The Modern Totalitarian State. The Other Is Voluntary Cooperation Of Individuals - The Technique Of The Marketplace.

The Euro Is Good For Europe. But Only If There Is Flexibility All Around.