The Most Important Single Central Fact About

The Internet Moves Us Closer To "perfect Information" On Markets. Individuals And Companies Alike Can Buy And Sell Across Borders And Jurisdictions Wherever They Find The Best Match Of Supply And Demand.

One Of The Reasons That I Am In Favor Of Less Government Is Because When You Have More Government, Industrialists Take It Over.

Because It Is One Thing To Have Free Immigration To Jobs. It Is Another Thing To Have Free Immigration To Welfare. And You Cannot Have Both. If You Have A Welfare State, If You Have A State In Which Every Resident Is Promises A Certain Minimal Level Of Income, Or A Minimum Level Of Subsistence, Regardless Of Whether He Works Or Not, Produces It Or Not. Then It Really Is An Impossible Thing.

Inflation Is A Monetary Phenomenon. It Is Made By Or Stopped By The Central Bank.

When They So-called 'target The Interest Rate', What They're Doing Is Controlling The Money Supply Via The Interest Rate. The Interest Rate Is Only An Intermediary Instrument.