...theories Should Be Judged By Their Ability

In The Current World, With The Skills Needed, Dropouts [like No Secondary Education] Are Condemned To Being Members Of The Underclass. In My View, This Is A Fault Of The American School System, Which Is A Government Monopoly.

Concentrated Power Is Not Rendered Harmless By The Good Intentions Of Those Who Create It.

The Broader And More Influential Organisations Of Businessmen Have Acted To Undermine The Basic Foundation Of The Free Market System They Purport To Represent And Defend.

My Monetary Studies Have Led Me To The Conclusion That Central Banks Could Profitably Be Replaced By Computers Geared To Provide A Steady Rate Of Growth In The Quantity Of Money. Fortunately For Me Personally, And For A Select Group Of Fellow Economists, That Conclusion Has Had No Practical Impact… Else There Would Have Been No Central Bank Of Sweden To Have Established The Award [nobel Prize] I Am Honoured To Receive.

The Great Virtue Of Free Enterprise Is That It Forces Existing Businesses To Meet The Test Of The Market Continuously, To Produce Products That Meet Consumer Demands At Lowest Cost, Or Else Be Driven From The Market. It Is A Profit-and-loss System. Naturally, Existing Businesses Generally Prefer To Keep Out Competitors In Other Ways. That Is Why The Business Community, Despite Its Rhetoric, Has So Often Been A Major Enemy Of Truly Free Enterprise.