free-market

Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.

Private property and free trade stand on exactly the same footing, both being essential and indivisible parts of liberty, both depending upon rights, which no body of men, whether called governments or anything else, can justly take from the individual.

The overwhelming tendency of markets is to bring people together, break down prejudices, persuade people of the need to cooperate regardless of class, race, religion, sex/gender, and physical ability. The same is obviously and especially true of sexual orientation. It is the market that rewards people who put aside their biases and seek gains through trade. This is why states devoted to racialist and hateful policies always resort to violence in control of the marketplace.

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

What ranks above all else for economic and political reconstruction is a radical change of ideologies. Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.

Libertarians make no exceptions to the golden rule and provide no moral loophole, no double standard, for government.

State is the name of the coldest of all cold monsters. Coldly it lies; and this lie slips from its mouth: 'I, the state, am the people.

The essential difference between rich societies and poor societies does not stem from any greater effort the former devote to work, nor even from any greater technological knowledge the former hold. Instead it arises mainly from the fact that rich nations possess a more extensive network of capital goods wisely invested from an entrepreneurial standpoint. These goods consists of machines, tools, computers, buildings, semi-manufactured goods, software, etc., and they exist due to prior savings of the nation's citizens. In other words, comparatively rich societies possess more wealth because they have more time accumulated in the form of capital goods, which places them closer in time to the achievement of much more valuable goals.

If you can't afford the good food or if you can't afford health care or if you don't have a job or if your car is dangerous because you can't get it fixed and you DIE, you just lost the game-bzzzzz-thanks for playing extreme capitalism.

Even the richest person, provided the riches comes from mutually beneficial exchange, does not need to give anything "back" to the community, because this person took nothing out of the community. Indeed, the reverse is true: Enterprises give to the community. Their owners take huge risks, and front the money for investment, precisely with the goal of serving others. Their riches are signs that they have achieved their aims.

Social responsibility is a fundamentally subversive doctrine" in a free society, and have said that in such a society, "there is one and only one social responsibility of business__o use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

It is clear that both at home and abroad producers have been unwilling to trust their fortunes entirely to the unrestricted play of competition. Both in world and domestic markets businessmen have sought security by substituting collective controls for the free play of market forces.

The essential quality of a market system, contrary to popular thinking, is not that it promotes greed; but rather, that it renders greed harmless.

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire.

Thus, since an individual cannot lawfully use force against the person, liberty, or property of another individual, then the common force _ for the same reason _ cannot lawfully be used to destroy the person, liberty, or property of individuals or groups.

I found most of my friends quite content to be used as tax-material, even though the sums of money taken from them were employed against their own beliefs and interests. They had lived so long under the system of using others, and then in their turn being used by them, that they were like hypnotized subjects, and looked on this subjecting and using of each other as a part of the necessary and even Providential order of things. The great machine had taken possession of their souls.

Why anarchy? Because anything less would be uncivilized.

To live in a state of liberty is not to live apart from law. It is, on the contrary, to live under the highest law, the only law that can really profit a man, the law which is consciously and deliberately imposed by himself on himself.