There's No Such Thing As A Free

Political Freedom Means The Absence Of Coercion Of A Man By His Fellow Men.

There's Nothing That Does So Much Harm As Good Intentions.

The Lesson For Asia Is; If You Have A Central Bank, Have A Floating Exchange Rate; If You Want To Have A Fixed Exchange Rate, Abolish Your Central Bank And Adopt A Currency Board Instead. Either Extreme; A Fixed Exchange Rate Through A Currency Board, But No Central Bank, Or A Central Bank Plus Truly Floating Exchange Rates; Either Of Those Is A Tenable Arrangement. But A Pegged Exchange Rate With A Central Bank Is A Recipe For Trouble.

We Have A Freer World Because Of The Collapse Of The Soviet Union And The Changes In China. Those Two Have Been The Main Contributors To Freedom In Our Time.

Since The 1930s The Technique Of Buying Votes With The Voters' Own Money Has Been Expanded To An Extent Undreamed Of By Earlier Politicians.