The Great Virtue Of A Free Market

Adam Smith's Key Insight Was That Both Parties To An Exchange Can Benefit And That, So Long As Cooperation Is Strictly Voluntary, No Exchange Can Take Place Unless Both Parties Do Benefit.

I Say Thank God For Government Waste. If Government Is Doing Bad Things, It's Only The Waste That Prevents The Harm From Being Greater.

The Most Important Ways In Which I Think The Internet Will Affect The Big Issue Is That It Will Make It More Difficult For Government To Collect Taxes.

There Is No Logical Basis For The Prohibition Of Marijuana. $7.7 Billion Is A Lot Of Money, But That Is One Of The Lesser Evils. Our Failure To Successfully Enforce These Laws Is Responsible For The Deaths Of Thousands Of People In Colombia. I Haven't Even Included The Harm To Young People. It's Absolutely Disgraceful To Think Of Picking Up A 22-year-old For Smoking Pot. More Disgraceful Is The Denial Of Marijuana For Medical Purposes.

We Do Not Influence The Course Of Events By Persuading People That We Are Right When We Make What They Regard As Radical Proposals. Rather, We Exert Influence By Keeping Options Available When Something Has To Be Done At A Time Of Crisis.