It All Would Have Been Much Better

The Depression, Which Started In 1929 Was Rather Mild From 1929 To 1930. And, Indeed, In My Opinion Would Have Been Over In 1931 At The Latest Had It Not Been That The Federal Reserve Followed A Policy Which Led To Bank Failures, Widespread Bank Failures, And Led To A Reduction 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.

Only A Crisis—actual Or Perceived—produces Real Change. When That Crisis Occurs, The Actions That Are Taken Depend On The Ideas That Are Lying Around.

There Are Severe Limits To The Good That The Government Can Do For The Economy, But There Are Almost No Limits To The Harm It Can Do.

Now Here's Somebody Who Wants To Smoke A Marijuana Cigarette. If He's Caught, He Goes To Jail. Now Is That Moral? Is That Proper? I Think It's Absolutely Disgraceful That Our Government, Supposed To Be Our Government, Should Be In The Position Of Converting People Who Are Not Harming Others Into Criminals, Of Destroying Their Lives, Putting Them In Jail. That's The Issue To Me. The Economic Issue Comes In Only For Explaining Why It Has Those Effects. But The Economic Reasons Are Not The Reasons.