States Have Always Needed Intellectuals To Con

One Of The Most Important Features Of Our Economic Resources Is Their Scarcity: Land, Labor, And Capital Goods Factors Are All Scarce, And May All Be Put To Various Possible Uses. The Free Market Uses Them 'productively' Because The Producers Are Guided, On The Market, To Produce What The Consumers Most Need: Automobiles, For Example, Rather Than Buggies.

Money Is The General Medium Of Exchange. It Is The Thing For Which All Other Goods Are Traded, The Means Of Final Payment For Such Goods On The Market.

Falling Prices Through Increased Production Is A Wonderful Long-run Tendency Of Untrammeled Capitalism.

Only The State Legally Obtains Its Revenue By Coercion.

If A Man Has The Right To Self-ownership, To The Control Of His Life, Then In The Real World He Must Also Have The Right To Sustain His Life By Grappling With And Transforming Resources; He Must Be Able To Own The Ground And The Resources On Which He Stands And Which He Must Use. In Short, To Sustain His Human Right.