There Is No Place For Government To

Most Economic Fallacies Derive From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

There's Only One Thing That All Of The Central Banks Control And That Is The Base, Their Own Liability, And They Can Control That In Various Ways. They Can Control It Directly By Open Market Operations, Buying And Selling Government Securities Or Other Assets, For Example, Buying And Selling Gold, Or They Can Control It Indirectly By Altering The Rate At Which Banks Lend To One Another.

"free Markets" Is A Very General Term. There Are All Sorts Of Problems That Will Emerge. Free Markets Work Best When The Transaction Between Two Individuals Affects Only Those Individuals. Most Often, A Transaction Between You And Me Affects A Third Party. That Is The Source Of All Problems For Government. That Is The Source Of All Pollution Problems, Of The Inequality Problem. This Reality Ensures That The End Of History Will Never Come.

Theories Can Be Based On Any Assumptions, However Bizarre.

I Am In Favor Of Cutting Taxes Under Any Circumstances And For Any Excuse, For Any Reason, Whenever It's Possible. ... Because I Believe The Big Problem Is Not Taxes, The Big Problem Is Spending.