Free Markets

"Under socialism production is entirely directed by the orders of the central board. The whole nation is an 'industrial army' and each citizen is bound to obey his superior's orders."

So many to choose from but Scott Trask picks ten of the most glaring economic errors that have bespotted the history of American economic policy.

It is a myth that scientific research left to the mercies of the free market would be insufficient for modern technological needs. In fact, centrally planning innovation will only stifle it. 

On Keynes's book has been founded a new economic church, completely furnished with all the properties proper to a church, such as a revelation of its own, a rigid doctrine, a symbolic language, a propaganda, a priestcraft, and a demonology.

The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.

Fascism cartelizes the private sector and denies fundamental rights and liberties to individuals. This describes mainstream politics.

In the 1950s, young libertarians coming into the ranks were increasingly infected with the Cold War mentality. They were converted to militarism instead of laissez-faire. 

Libertarians must form and maintain organizations not only to promote their broad principles but to promote these principles in special fields.

The misuse of science occurs when the scientist—who is competent in a special field—seeks to use his status to influence fields where he is not competent.

Berlin's fundamental flaw was his failure to define negative liberty as the absence of physical interference with an individual's person and property.