Hell Hath No Fury Like A Bureaucrat

The Only Relevant Test Of The Validity Of A Hypothesis Is Comparison Of Prediction With Experience.

No Central Banker Would Disagree With The Proposition That Inflation Is Primarily A Monetary Phenomenon. Not One Of Them Will Disagree That Every Inflation Has Been Accompanied By A Rapid Increase In The Quantity Of Money And Every Deflation By A Decline In The Quantity Of Money.

The Most Important Single Central Fact About A Free Market Is That No Exchange Takes Place Unless Both Parties Benefit.

Indeed, A Major Source Of Objection To A Free Economy Is Precisely That It... Gives People What They Want Instead Of What A Particular Group Thinks They Ought To Want. Underlying Most Arguments Against The Free Market Is A Lack Of Belief In Freedom Itself.

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