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The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
The power to do good is also the power to do harm.
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.
One man's opportunism is another man's statesmanship.
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.
Is it really true that political self-interest is nobler somehow than economic self-interest?
Inflation is the one form of taxation that can be imposed without legislation.
Inflation is taxation without legislation.
I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.
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