'Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.'

'Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not the…

'The real minimum wage is zero [unemployment].'

'The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disreg…