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

Under both the welfare state and communism, the responsibility for the welfare, security, and prosperity of the people is presumed to rest with the central government.

[S]tatism is but socialized dishonesty; it is feathering the nests of some with feathers coercively plucked from others - on the grand scale. There is no moral difference between the act of a pickpocket and the progressive income tax or any other social program.

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.

...the greatest political problem facing the world today is...how to curb the oppressive power of government, how to keep it within reasonable bounds.

There is really nothing that can be done except by an individual. Only individuals can learn. Only individuals can think creatively. Only individuals can cooperate. Only individuals can combat statism.

I would have government defend the life and property of all citizens equally; protect all willing exchange; suppress and penalize all fraud, all misrepresentation, all violence, all predatory practices; invoke a common justice under law; and keep the records incidental to these functions. Even this is a bigger assignment than governments, generally, have proven capable of. Let governments do these things and do them well. Leave all else to men in free and creative effort.