It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.
Leonard ReadIf we remove the hope of profit as a means to alleviate misfortune - poverty, illness, misery, disaster - we shall increase our misfortunes and make them permanent.
Leonard Read...the greatest political problem facing the world today is...how to curb the oppressive power of government, how to keep it within reasonable bounds.
Leonard ReadIt should be noted that people in the free market rarely bear false witness; integrity is the rule. The morning mile, phone calls, planes the airlines buy, autos by the millions - no one could list the instances - are as represented. We have daily, eloquent, enormous testimony that the Ten Commandments can be and are observed by fallible human beings. Contemporary politics is the most glaring of all exceptions.
Leonard ReadIn market terms, one is entitled to what others will offer in willing exchange. That is all!
Leonard Read