The State Can Be And

Those Who Satisfy The Wants Of A Smaller Number Of People Only Collect Fewer Votes-dollars-than Those Who Satisfy The Wants Of More People.

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.

The Causes Of All Panics, Crashes And Depressions Can Be Summed Up In Only Four Words: The Misuse Of Credit.

The Boom Squanders Through Malinvestment Scarce Factors Of Production And Reduces The Stock Available Through Overconsumption; Its Alleged Blessings Are Paid For By Impoverishment.

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.