The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

There is no other complex field in our society in which do-it-yourself beats out factory production or market production. Nobody makes his or her own car. But it is still the case that parents can perform the job of educating their children [homeschooling], in many cases better than our present education system.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

My interest in political philosophy was rather casual until I met Hayek.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Reality ensures that the end of history will never come.

Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.