Private Property

Although Aristotle, in the Greek tradition, scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in

Liberty is an end unto itself, with prosperity as its positive externality.

Even some of the big unions, the steel union, for example, now doubt the effectiveness of wage increases that run beyond productivity.

Social institutions matter most, and they are very wrong now: a huge improvement is possible, and freedom is the answer.

All consumers place a high value on their personal safety. The sellers of any consumer product must fulfill this desire in order to profit in a capitalist economy.

For libertarians who reject the legitimacy of the state,[29] or legislated law,[30] this is yet another defect of IP, and a conclusive one.

How do you at once enforce intellectual property and uphold the ideal of a university, which is, after all, about teaching and spreading ideas to others?

"As well as repudiating the Mississippi Union Bank bonds in 1840, the state effectively repudiated the debts owed to the state banks."

The system of voluntary exchange and experimentation based on secure private-property rights—what we loosely call "capitalism"—expands rather than restricts our material and nonmaterial opportunities.

The more entrepreneurs can engage in peaceful and coordinating actions that try to satisfy demands of consumers, the less likely war is made.