There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the read more

There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The read more

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The first lesson of politics is to disregard the first lesson of economics.

A race of altruists is necessarily a race of slaves. A race of free men is necessarily a race of read more

A race of altruists is necessarily a race of slaves. A race of free men is necessarily a race of egoists.

Freedom means freedom from forces and circumstances which would turn man into a thing, which would impose on man the read more

Freedom means freedom from forces and circumstances which would turn man into a thing, which would impose on man the passivity and predictability of matter. By this test, absolute power is the manifestation most inimical to human uniqueness. Absolute power wants to turn people into malleable clay.

Ninety percent of the politicians give the other ten percent a bad reputation.

Ninety percent of the politicians give the other ten percent a bad reputation.

I've never professed to be anything but an average student.

I've never professed to be anything but an average student.

Whenever men take the law into their own hands, the loser is the law. And when the law loses, freedom read more

Whenever men take the law into their own hands, the loser is the law. And when the law loses, freedom languishes.

The essence of democracy is not that everyone makes and administers laws but that lawgivers and rulers should be dependent read more

The essence of democracy is not that everyone makes and administers laws but that lawgivers and rulers should be dependent on the people's will in such a way that they may be peaceably changed if conflict occurs.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.