The Essential Notion Of A Capitalist Society

My Monetary Studies Have Led Me To The Conclusion That Central Banks Could Profitably Be Replaced By Computers Geared To Provide A Steady Rate Of Growth In The Quantity Of Money. Fortunately For Me Personally, And For A Select Group Of Fellow Economists, That Conclusion Has Had No Practical Impact… Else There Would Have Been No Central Bank Of Sweden To Have Established The Award [nobel Prize] I Am Honoured To Receive.

The Great Depression In The United States Was Caused - I Won't Say Caused, Was Enormously Intensified And Made Far Worse Than It Would Have Been By Bad Monetary Policy.

The Combination Of Economic And Political Power In The Same Hands Is A Sure Recipe For Tyranny.

Drugs Are A Tragedy For Addicts. But Criminalizing Their Use Converts That Tragedy Into A Disaster For Society, For Users And Non-users Alike. Our Experience With The Prohibition Of Drugs Is A Replay Of Our Experience With The Prohibition Of Alcoholic Beverages.

There Is No Good Way Of Measuring Poverty.