A Genius Is Always A Teacher, Never

The Philosophy Of Protectionism Is A Philosophy Of War. The Wars Of Our Age Are Not At Variance With Popular Economic Doctrines; They Are, On The Contrary, The Inescapable Result Of A Consistent Application Of These Doctrines.

The Fundamental Law Of The Market Is: The Customer Is Always Right.

Behaviorism Proposes To Study Human Behavior According To The Methods Developed By Animal And Infant Psychology. It Seeks To Investigate Reflexes And Instincts, Automatisms And Unconscious Reactions. But It Has Told Us Nothing About The Reflexes That Have Built Cathedrals, Railroads, And Fortresses, The Instincts That Have Produced Philosophies, Poems, And Legal Systems, The Automatisms That Have Resulted In The Growth And Decline Of Empires, The Unconscious Reactions That Are Splitting Atoms.

The Idea That Political Freedom Can Be Preserved In The Absence Of Economic Freedom, And Vice Versa, Is An Illusion. Political Freedom Is The Corollary Of Economic Freedom.

The State Is The Only Institution Entitled To Apply Coercion And Compulsion And To Inflict Harm Upon Individuals. This Tremendous Power Cannot Be Abandoned To The Discretion Of Some Men, However Competent And Clever They May Deem Themselves. It Is Necessary To Restrict Its Application. This Is The Task Of The Laws.