Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.

Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

The most serious dangers for American freedom and the American way of life do not come from without.