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

There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?

The average American worker enjoys amenities for which Croesus, Crassus, the Medici, and Louis XIV would have envied him.

The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.

The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.