The Problem In This World Is To

The History Of Mankind Is The History Of Money Losing Value.

Inflation Is Always And Everywhere A Monetary Phenomenon In The Sense That It Is And Can Be Produced Only By A More Rapid Increase In The Quantity Of Money Than In Output... A Steady Rate Of Monetary Growth At A Moderate Level Can Provide A Framework Under Which A Country Can Have Little Inflation And Much Growth. It Will Not Produce Perfect Stability; It Will Not Produce Heaven On Earth; But It Can Make An Important Contribution To A Stable Economic Society.

Our Minds Tell Us, And History Confirms, That The Great Threat To Freedom Is The Concentration Of Power. Government Is Necessary To Preserve Our Freedom, It Is An Instrument Through Which We Can Exercise Our Freedom; Yet By Concentrating Power In Political Hands, It Is Also A Threat To Freedom. Even Though The Men Who Wield This Power Initially Be Of Good Will And Even Though They Be Not Corrupted By The Power They Exercise, The Power Will Both Attract And Form Men Of A Different Stamp.

Most Of The Energy Of Political Work Is Devoted To Correcting The Effects Of Mismanagement Of Government.

We Had Much Freer Trade In The 19th Century. We Have Much Less Globalization Now Than We Did Then.