There are two main differences between Ponzi’s original scam and the Social Security system. The first difference is that Social Security is run by t… - David R. Henderson

Our oil supply is secure, not because our government threatens to use force against those who would make it insecure, but because the world’s oil suppliers want to make money.

Early in the twentieth century, the railroad business was highly unionized. Just as in South Africa, employers often wanted to hire black people. But unions run by white people excluded blacks from membership and often committed acts of violence against black workers who tried to get such jobs.

Milton Friedman and I had our differences about foreign policy. I tried, in vain, to persuade him to be against the first Gulf war. Even there, though, he publicly supported, in an interview with the San Francisco Chronicle, my economic argument against the war. He stated, ‘Henderson’s analysis is correct. There is no justification for intervention on grounds of oil.’