Private Property

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

Once one realizes where the state fails, one can only conclude that the best course of political action is to reduce the size of the state or even do away with it altogether.

An "anarchic" private law society — is the answer to monarchy and democracy.

Socialism means dictatorship, necessarily survives as dictatorship, and no centrally produced accounting ratios will change that fact. As such, competition is literally impossible under socialism, and this cannot be changed by the introduction of centrally administered accounting ratios.

What Hazlitt is saying is this: "If we want to keep our free political system, here are the economic principles to which we must return."

That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.

Most people favor patent and copyright law because they believe that it generates net wealth — that the value of the innovation stimulated by IP law is significantly greater than the costs of these laws.

The total state claims the right to see you naked. A freer people would demand an end to such nonsense and the policies that perpetuate it.

Protectionism and all other forms of war by the state on its people are devastating, and need to be undone.

In a governmentally controlled society, the unrestricted enjoyment of property ownership is not permitted, since government has the power to tax, regulate, and sometimes even confiscate (as in eminent domain) just about anything it pleases. In a laissez-faire society, everything which was valued and rationally claimed would be owned, and this ownership would be total.