Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

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

Liberalism must be intolerant of every sort of intolerance.

In capitalist enterprise there is no secure income and no security of wealth.

All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

Innovation is the whim of an elite before it becomes a need of the public.

A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.