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. It allows other forces to arise side by side with and in opposition to political power. It thus becomes the basis of all those activities that are free from violent interference on the part of the state. It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.

Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.

Government force is derived from the sum of the physical force each citizen could exert which by one citizen himself would be ineffective, but when summed from the force of all the area's citizens indeed composes a power no citizen or group can withstand. That force is then rightly but justly to be used against those who violate the foundation pillars of freedom.

Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.