If There Is To Be No Loss

Precisely Because The State Has The Monopoly Of Coercion It Can Be Allowed The Monopoly Only Of Coercion. Only If The Modern State Can Be Held Within A Strictly Limited Agency Of Duties And Powers Can It Be Prevented From Regimenting, Conquering, And Ultimately Devouring The Society Which Gave It Birth.

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.

When Each Of Us Is Free To Work Out His Own Economic Destiny, Within The Framework Of The Market Economy, The Institution Of Private Property, And The General Rule Of Law, We Will All Improve Our Economic Condition Much Faster Than When We Are Ordered Around By Bureaucrats.

A Day Never Passes Without Some Ardent Reformer Or Group Of Reformers Suggesting Some New Government Intervention, Some New Statist Scheme To Fill Some Alleged 'need' Or Relieve Some Alleged Distress.

A Man With A Scant Vocabulary Will Almost Certainly Be A Weak Thinker. The Richer And More Copious One's Vocabulary And The Greater One's Awareness Of Fine Distinctions And Subtle Nuances Of Meaning, The More Fertile And Precise Is Likely To Be One's Thinking. Knowledge Of Things And Knowledge Of The Words For Them Grow Together. If You Do Not Know The Words, You Can Hardly Know The Thing.