The Big Problem For A Democratic Government

Japan Has Introduced Fiscal Stimulus Five Times In The Past Seven Or Eight Years And Each Time It's Been A Failure And That's Not A Surprise. Fiscal Stimulus Is Not Stimulating In And Of Itself.

The Problem Of Social Organization Is How To Set Up An Arrangement Under Which Greed Will Do The Least Harm, Capitalism Is That Kind Of A System.

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

The Great Danger To The Consumer Is The Monopoly -whether Private Or Governmental. His Most Effective Protection Is Free Competition At Home And Free Trade Throughout The World. The Consumer Is Protected From Being Exploited By One Seller By The Existence Of Another Seller From Whom He Can Buy And Who Is Eager To Sell To Him. Alternative Sources Of Supply Protect The Consumer Far More Effectively Than All The Ralph Naders Of The World.

Is It Really True That Political Self-interest Is Nobler Somehow Than Economic Self-interest?