This, Then, Is Freedom In The External

The Public Firm Can Nowhere Maintain Itself In Free Competition With The Private Firm; It Is Possible Today Only Where It Has A Monopoly That Excludes Competition. Even That Alone Is Evidence Of Its Lesser Economic Productivity.

It Is Labor Alone That Is Productive: It Creates Wealth And Therewith Lays The Outward Foundations For The Inward Flowering Of Man.

No Private Enterprise Will Ever Fall Prey To Bureaucratic Methods Of Management If It Is Operated With The Sole Aim Of Making Profit.

In The World Of Reality, Life, And Human Action There Is No Such Thing As Interests Independent Of Ideas, Preceding Them Temporarily And Logically. What A Man Considers His Interest Is The Result Of His Ideas.

Only The Naive Inflationist's Could Believe That Government Could Enrich Mankind Through Fiat Money.