Reality Ensures That The End Of History

If You Have Free Immigration, In The Way We Had It Before 1914, Everybody Benefited. The People Who Were Here Benefited. The People Who Came Benefited. Because Nobody Would Come Unless He, Or His Family, Thought He Would Do Better Here Than He Would Elsewhere. And, The New Immigrants Provided Additional Resources, Provided Additional Possibilities For The People Already Here. So Everybody Can Mutually Benefit.

Unfortunately, Unanimity Is Not Always Feasible.

The Case Against A Fully Independent Central Bank Is Strong Indeed.

Only A Crisis—actual Or Perceived—produces Real Change. When That Crisis Occurs, The Actions That Are Taken Depend On The Ideas That Are Lying Around.

When You Have A Time Of Crisis What Happens Depends On What Ideas Are Floating Around, And What Ideas Have Been Developed, And Thought Through, And Are Made Effective.