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

Government is an apparatus of compulsion and coercion.

Without speculation there can be no economic activity reaching beyond the immediate present.

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people.

Under capitalism everybody is the architect of his own fortune.