Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.

Big business depends entirely on the patronage of those who buy its products: the biggest enterprises loses its power and its influence when it loses its customers.

Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.

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

Human action is purposeful behavior.

History makes one wise, but not competent to solve concrete problems.

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