It did not go without notice that Ayn Rand stood beside me as I took the oath of office in the presence of President Ford in the Oval Office. Ayn Ran… - Alan Greenspan

In 1900, work generally meant sometimes dangerous and usually backbreaking physical labor. Farmers had to wrestle with the elements from droughts that could make the land too hard to work, floods that could drench them, and insects that constantly bit at them. Manual laborers had to wrestle with heavy machines that could kill or maim them if not properly handled. By 2000, it largely meant sitting in the office. The number of Americans who died as a result of accidents at work fell from 38 per 100,000 workers in 1900 to 4 per 100,000 in 2000.

under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation

Over the years I have had the most contact with Lee Kuan Yew, most recently in 2006, and have always found him impressive, even though we do not always see eye to eye. I met him first when he was George Shultz's guest at the famous (or infamous, depending on your perspective) Bohemian Grove, a male only bonding retreat among the redwoods of California.