Entrepreneurship

Then you may boast that you are the only school in the nation that offers any formal study of such economics based in deduction.

"A theory that identifies liberty with a single right, the right of doing all that you have the actual power to do, and a theory which secures liberty by certain unalterable rights, and founds it on truths which men did not invent and may not abjure, cannot both be formative principles in the same Constitution."

To maximize human well-being and to minimize disputes, private ownership and management of land and all appurtenances to land should be encouraged. Further, the land should be untaxed. The owner should own totally, once all encumbrances have been removed.

The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction.

Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.

The private sector could take care of itself if the government would just leave it alone.

Free minds are inventive minds. That is why America has always been a land of inventors.

"It is only when men are free that they begin to place a value on their time; and when men begin to place a value on human time, they begin to realize the importance of preserving human life."

While totalitarian governments seek to stifle the human spirit and initiative, there are always brave souls who either pierce or work around the walls that governments erect.

"Orphan's treatment as capital goods on the market would lead to far more just outcomes for them than will their treatment as political capital goods by statist monopolies."