Even a relatively mild inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. Thi… - Henry Hazlitt

We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.

Eternal vigilance is the price of an open mind.

Since The Wealth of Nations appeared more than two centuries ago, the case for free trade has been stated thousands of times, but perhaps never with more direct simplicity and force than it was stated in that volume. In general Smith rested his case on one fundamental proposition: “In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest.” “The proposition is so very manifest,” Smith continued, “that it seems ridiculous to take any pains to prove it; nor could it ever have been called in question, had not the interested sophistry of merchants and manufacturers confounded the common-sense of mankind.” From