Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.

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.

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

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

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.