We have a system that increasingly taxes work and subsidizes nonwork.

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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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Inflation is taxation without legislation.

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One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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The only corporate social responsibility a company has is to maximize its profits.

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The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

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What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.

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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.

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You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

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The government solution to a problem is usually as bad as the problem.

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