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

History suggests that capitalism is a necessary condition for political freedom .

Inflation is the one form of taxation that can be imposed without legislation.

There is an invisible hand in politics that operates in the opposite direction to the invisible hand in the market. In politics, individuals who seek to promote only the public good are led by an invisible hand to promote special interests that it was no part of their intention to promote.