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The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.  Milton Friedman
A half-truth is equivalent to a half-virgin. Neither one exists!  Monty Pelerin
Unintended consequences is merely a euphemism for a dumb law or program.  Monty Pelerin
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Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts