As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.
If the present American laws concerning the taxation of the profits of corporations, the incomes of individuals, and inheritances had been introduced about 60 years ago, all those new products whose consumption has raised the standard of living of the 'common man' would either not be produced at all or only in small quantities for the benefit of a minority. The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being.
Seen from the point of view of the particular group interests of the bureaucrats, every measure that makes the government's payroll swell is progress.
It is the worst of all superstitions to assume that the epistemological characteristics of one branch of knowledge must necessarily be applicable to any other branch.
Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.
It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.
Innovation is the whim of an elite before it becomes a need of the public.
If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.
Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will
The egalitarian doctrine is manifestly contrary to all the facts established by biology and by history. Only fanatical partisans of this theory can contend that what distinguishes the genius from the dullard is entirely the effect of postnatal influences.
The philosophy of protectionism is a philosophy of war.
You call it a 'loophole' when the government still allows you some freedom.
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.
Freedom and liberty always mean freedom from police interference.
The democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments.
Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.
Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.
Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.
If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.
They [intellectuals] coined most of the slogans that guided the butcheries of Bolshevism, Fascism, and Nazism. Intellectuals extolling the delights of murder, writers advocating censorship, philosophers judging the merits of thinkers and authors, not according to the value of their contributions but according to their achievements on battlefields, are the spiritual leaders of our age of perpetual strife.
The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
It is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.
The capitalist system, in spite of all obstacles put in its way by governments and politicians, has raised the standard of living of the masses in an unprecedented way.
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