A Genius Is Always A Teacher, Never

What Makes Small Business Develop Into Big Business Is Not Spending, But Saving And Capital Accumulation.

These People Talk Of A "middle-of-the-road" Policy. What They Do Not See Is That The Isolated Interference, Which Means The Interference With Only One Small Part Of The Economic System, Brings About A Situation Which The Government Itself — And The People Who Are Asking For Government Interference — Find Worse Than The Conditions They Wish To Abolish: The People Who Are Asking For Rent Control Are Very Angry When They Discover There Is A Shortage Of Apartments And A Shortage Of Housing.

The Genuine History Of Mankind Is The History Of Ideas. It Is Ideas That Distinguish Man From All Other Beings. Ideas Engender Social Institutions, Political Changes, Technologi- Cal Methods Of Production, And All That Is Called Economic Conditions.

A Citizen Who Casts His Ballot Without Having To The Best Of His Abilities Studied As Much Economics As He Can Fails In His Civic Duties.

We Do Not Assert That The Capitalist Mode Of Economic Calculation Guarantees The Absolutely Best Solution Of The Allocation Of Factors Of Production. Such Absolutely Perfect Solutions Of Any Problem Are Out Of Reach Of Mortal Men. What The Operation Of A Market Not Sabotaged By The Interference Of Compulsion And Coercion Can Bring About Is Merely The Best Solution Accessible To The Human Mind Under The Given State Of Technological Knowledge And The Intellectual Abilities Of The Age's Shrewdest Men.