If 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.

No one has more than scratched the surface when it comes to understanding and explaining the miracle of the market.

The welfare state destroys the market mechanisms - lessens free choice and willing exchange. Simultaneously creating unnatural specializations, it must, granted statism's premise, resort to welfarism; that is, it must assume the responsibility for the people's welfare: their employment, their old age, their income, and the like. As this is done, man loses his wholeness; he is dispossessed of responsibility for self, the very essence of his manhood. The more dependent he becomes, the less dependable!

In market terms, one is entitled to what others will offer in willing exchange. That is all!

The Constitution was definitely and specifically designed to hobble all people who are so foolish as to think themselves capable of leading others by compulsion. It so functions today to an extent exasperating to the authoritarians - which is why they want to get rid of it.

The more complex our economy, the more we should rely on the miraculous, self-adapting processes of men acting freely. No mind of man nor any combination of minds can even envision, let alone intelligently control, the countless human energy exchanges in a simple society, to say nothing of a complex one.

Governments resort to inflation with popular support because the people apparently are naïve enough to believe that they can have their cake and eat it, too.