Society Doesn't Have Values. People Have Values.

Adam Smith's Key Insight Was That Both Parties To An Exchange Can Benefit And That, So Long As Cooperation Is Strictly Voluntary, No Exchange Can Take Place Unless Both Parties Do Benefit.

You Must Distinguish Sharply Between Being Pro Free Enterprise And Being Pro Business.

We Measure Poverty By What I Believe Is A Very, Very Crude Concept. We Actually Measure Poverty By Trying To Get Some Kind Of An Estimate Of The Minimum Expenditures On Food That Are Required To Maintain Health, Multiplying That Number By Three, And Saying That's The Level Of Poverty. And It's A Very Crude, Inaccurate Arrangement.

[t]he Burden Of Government Is Not Measured By How Much It Taxes, But By How Much It Spends.

The Central Banks Cannot Control Interest Rates. That's A Mistake. They Can Control A Particular Rate, Such As The Federal Funds Rate, If They Want To, But They Can't Control Interest Rates.