Saying It Is One Thing. Doing It

Nobody Spends Somebody Else's Money As Carefully As He Spends His Own. Nobody Uses Somebody Else's Resources As Carefully As He Uses His Own. So If You Want Efficiency And Effectiveness, If You Want Knowledge To Be Properly Utilized, You Have To Do It Through The Means Of Private Property.

Only A Crisis - Actual Or Perceived - Produces Real Change. When That Crisis Occurs, The Actions That Are Taken Depend On The Ideas That Are Lying Around. That, I Believe, Is Our Basic Function: To Develop Alternatives To Existing Policies, To Keep Them Alive And Available Until The Politically Impossible Becomes The Politically Inevitable.

I Know Of No Example In Time Or Place Of A Society That Has Been Marked By A Large Measure Of Political Freedom, And That Has Not Also Used Something Comparable To A Free Market To Organize The Bulk Of Economic Activity.

Consider Social Security. The Young Have Always Contributed To The Support Of The Old. Earlier, The Young Helped Their Own Parents Out Of A Sense Of Love And Duty. They Now Contribute To The Support Of Someone Else's Parents Out Of Compulsion And Fear. The Voluntary Transfers Strengthened The Bonds Of The Family; The Compulsory Transfers Weaken Those Bonds.

I Think That Nothing Is So Important For Freedom As Recognizing In The Law Each Individual’s Natural Right To Property, And Giving Individuals A Sense That They Own Something That They’re Responsible For, That They Have Control Over, And That They Can Dispose Of.