Giving is the vital impulse and moral center of capitalism.

Activity and creativity almost always flow to the least regulated arena.

On every continent and in every epoch the peoples who have excelled in creating wealth have been the victims of some of society's greatest brutalities.

The fact is there hasn't been a thrilling new erogenous zone discovered since de Sade.

The belief that all wealth comes from stealing is popular in prisons and at Harvard.

Entrepreneurial knowledge has little to do with certified expertise, advanced degrees, or the learning of establishment schools. The fashionably educated and cultivated spurn the kind of fanatically focused learning commanded by the innovators. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard.

At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.