February 16, 2015

The basic premise of the Founding Fathers was man’s right to his own life, to his own liberty, to the pursuit of his own happiness—which means: man’s right to exist for his own sake, neither sacrificing himself to others nor sacrificing others to himself; and that the political implementation of this right is a society where men deal with one another as traders, by voluntary exchange to mutual benefit. | For the New Intellectual

February 2, 2015

Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear. | Capitalism: The Unknown Ideal

January 24, 2015

“The alleged short-cut to knowledge, which is faith, is only a short-circuit destroying the mind.” – John Galt

January 15, 2015

A group, as such, has no rights. A man can neither acquire new rights by joining a group nor lose the rights which he does possess. | The Virtue of Selfishness

December 31, 2014

“In a much quoted passage in his inaugural address, President Kennedy said, “Ask not what your country can do for you — ask what you can do for your country.” It is a striking sign of the temper of our times that the controversy about this passage centered on its origin and not on its content. Neither half of the statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. The paternalistic “what your country can do for you” implies that government is the patron, the citizen the ward, a view that is at odds with the free man’s belief in his own responsibility for his own destiny. The organismic, “what you can do for your country” implies that government is the master or the deity, the citizen, the servant or the votary. To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshiped and served. He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.”
― Milton Friedman

December 12, 2014

“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.” –Milton Friedman

December 10, 2014

To rest one’s case on faith means to concede that reason is on the side of one’s enemies—that one has no rational arguments to offer. | Capitalism: The Unknown Ideal


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