When A Private Enterprise Fails, It Is

If A Country Is An Attractive Place For Foreigners To Invest Their Funds, Then That Country Will Have A Relatively High Exchange Rate. If It's An Unattractive Place, It Will Have A Relatively Low Exchange Rate. Those Are The Fundamentals That Determine The Exchange Rate In A Floating Exchange Rate System.

The Existence Of A Free Market Does Not Of Course Eliminate The Need For Government. On The Contrary, Government Is Essential Both As A Forum For Determining The "rule Of The Game" And As An Umpire To Interpret And Enforce The Rules Decided On.

The Fall Of The Berlin Wall Did More For The Progress Of Freedom Than All Of The Books Written By Myself Or Friedrich Hayek Or Others.

Saying It Is One Thing. Doing It Is Very Different.

When A Private Enterprise Fails, It Is Closed Down; When A Government Enterprise Fails, It Is Expanded. Isn't That Exactly What's Been Happening With Drugs?