Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.

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.

Whenever government assumed responsibility for the security, welfare, and prosperity of citizens, the costs of government rise beyond the point where it is politically expedient to cover them by direct tax levies.

Coercion is as much the tool of the welfare state as it is of communism. The programs and edicts of both are backed by the police force. All of us know this to be true under communism, but it is equally true under our own brand of welfare statism.

Statism, which forces all of us within its orbit, is nothing but a political system of organized plunder, managed by every conceivable type of pressure group.

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.

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