[trade Licensing] Almost Inevitably Becomes A Tool

You Cannot Simultaneously Have Free Immigration And A Welfare State.

The Important Issue Is Not How Much Inequality There Is But How Much Opportunity There Is For Individuals To Get Out Of The Bottom Classes And Into The Top. If There Is Enough Movement Upward, People Will Accept The Efficiency Of The Markets. If You Have Opportunity, There Is A Great Tolerance For Inequality. That Has Been The Saving Grace Of The American System.

Higher Taxes Never Reduce The Deficit. Governments Spend Whatever They Take In And Then Whatever They Can Get Away With.

The Great Depression In The United States, Far From Being A Sign Of The Inherent Instability Of The Private Enterprise System, Is A Testament To How Much Harm Can Be Done By Mistakes On The Part Of A Few Men When They Wield Vast Power Over The Monetary System Of The Country.

A Free Society Releases The Energies And Abilities Of People To Pursue Their Own Objectives. It Prevents Some People From Arbitrarily Suppressing Others. It Does Not Prevent Some People From Achieving Positions Of Privilege, But So Long As Freedom Is Maintained, It Prevents Those Positions Of Privilege From Becoming Institutionalized; They Are Subject To Continued Attack By Other Able, Ambitious People.