History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

Perhaps there are somewhere in the infinite universe beings whose minds outrank our minds to the same extent as our minds surpass those of the insects. Perhaps there will once somewhere live beings who will look upon us with the same condescension as we look upon amoebae.

The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.

All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.

If history could teach us anything, it would be that private property is inextricably linked with civilization.

It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.