"Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing."

“I think stem cell research is crucial. I think medically it has a great future. I think that the answers aren't in yet. Some people say it's absolutely the answer, and others say it's no good and don't do it. It's not known yet, and I'll tell you what: politicians and bureaucrats and the FDA don't know either, and I don't think that's where it should be determined. It should be determined in the marketplace. In Washington so far we only had two choices, either prohibit it or subsidize it. My position is that we shouldn't do either. It should be in the states to devise the rules and laws on what you can do and can't do. Though I'm very strong pro-life and the worst thing I can conceive of is manufacturing babies to be used for research, but as an obstetrician I've had on quite a few occasions to do a surgery on a woman with a pregnancy in the Fallopian tube. And, the fetus is small, and alive, and the heart is beating, but if you don't operate on him, the fetus dies and the patient dies, because a hemorrhage is a very very critical time for ectopic pregnancy. I don't see any reason why you can't use that fetal tissue for research.”

“Freedom is not defined by safety. Freedom is defined by the ability of citizens to live without government interference. Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. Liberty has meaning only if we still believe in it when terrible things happen and a false government security blanket beckons.”

“The American people have been offered two lousy choices. One, which is corporatism, a fascist type of approach, or, socialism. We deliver a lot of services in this country through the free market, and when you do it through the free market prices go down. But in medicine, prices go up. Technology doesn't help the cost, it goes up instead of down. But if you look at almost all of our industries that are much freer, technology lowers the prices. Just think of how the price of cell phones goes down. Poor people have cell phones, and televisions, and computers. Prices all go down. But in medicine, they go up, and there's a reason for that, that's because the government is involved with it... I do , but probably a lot more than what you're thinking about, because you have to have competition in the delivery of care. For instance, if you have a sore throat and you have to come see me, you have to wait in the waiting room, and then get checked, and then get a prescription, and it ends up costing you $100. If you had true competition, you should be able to go to a nurse, who could for 1/10 the cost very rapidly do it, and let her give you a prescription for penicillin. See, the doctors and the medical profession have monopolized the system through licensing. And that's not an accident, because they like the idea that you have to go see the physician and pay this huge price. And patients can sort this out, they're not going to go to a nurse if they need brain surgery...”

“Rarely do we hear that Iraq has never committed any aggression against the United States. No one in the media questions our aggression against Iraq for the past 12 years by continuous bombing and imposed sanctions responsible for the deaths of hundreds of thousands of children. Only tyrants can take a nation to war without the consent of the people. The planned war against Iraq without a Declaration of War is illegal. It is unwise because of many unforeseen consequences that are likely to result. It is immoral and unjust, because it has nothing to do with US security and because Iraq has not initiated aggression against us. We must understand that the American people become less secure when we risk a major conflict driven by commercial interests and not constitutionally authorized by Congress. Victory under these circumstances is always elusive, and unintended consequences are inevitable”

“Our country is far less at risk from the coronavirus than it is from the thousands of small and large authoritarians who have suddenly flexed their muscles across the country. President Trump would do well to end this ridiculous shutdown so that Americans can get on with their lives and get back to work. Americans should remember the tyrants who locked them down next time they go to the ballot box. Let’s demand an end to the shutdown so we can resurrect our economy, our lives, and our liberties!”

“The do-good liberal who said we have to take care of everybody -- and they are well intentioned -- the more debt they run up to give to the poor, the poorer the people get because they cannot keep up.”