[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.
This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
The state is essentially an apparatus of compulsion and coercion. The characteristic feature of its activities is to compel people through the application or the threat of force to behave otherwise than they would like to behave.
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