What precisely is this disease that causes inflation and all these other troubles? It has many popular names, such as socialism, communism, state interventionism, and welfare statism.

A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, limited government way of life. Many business ventures fail entirely. Who then are the beneficiaries? The masses!

There is no moral distinction between petty thievery and 'from each according to ability, to each according to need.'

The American people are becoming more and more afraid of, and are running away from, their own revolution.

Politicians, bureaucrats, editors, new commentators, 'economists' teachers,' and other word artists who denounce private enterprise and praise socialism are their own worst enemies...these attackers are unwittingly destroying the sources of their own livelihood. They kill the geese that lay the golden eggs - and don't know it!

The free market opens the way for men to operate at their moral best, and all observation confirms that the poor fare better under these circumstances than when the way is closed, as it is under socialism.

If the bureaucracy is not checked, it will tend to build, in the name of peace, a defense against every conceivable contingency - so much 'security' that 'the secured' are without resources - helpless and hopeless.