I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading. So I made an economic decision, and it turned out the best judgment I ever made in my life.

Whatever you tax, you get less of.

Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.

Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.

In the nineteenth century, the population multiplied by a factor of almost fifteen, from 5.3 million to 76 million, a total larger than any European country except Russia. By 1890, 80 percent of New York’s citizens were immigrants or the children of immigrants, as were 87 percent of Chicago’s.

All taxes are a drag on economic growth. It’s only a question of degree.

Four decades after Thomas Edison’s spectacular illumination of Lower Manhattan in 1882, electricity had done little to make the country’s factories more productive.

I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

Greenspan, who knew so much more than most, knew far less than most supposed...

Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.