For The Duration Of Its Collective Life,

At The Heart Of Capitalism Is Creative Destruction.

The Very Foundation Of Private Property And Free Contracting Wears Away In A Nation In Which Its Most Vital, Most Concrete, Most Meaningful Types Of Private Property And Free Contracting Disappear From The Moral Horizon Of The People.

Why Should We Stunt Our Ambitions And Impoverish Our Lives In Order To Be Insulted And Looked Down Upon In Our Old Age?

It Is Not True That Democracy Will Always Safeguard Freedom Of Conscience Better Than Autocracy. Witness The Most Famous Of All Trials. Pilate Was, From The Standpoint Of The Jews, Certainly The Representative Of Autocracy. Yet He Tried To Protect Freedom. And He Yielded To A Democracy.

Entrepreneurial Profit Is The Expression Of The Value Of What The Entrepreneur Contributes To Production.