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Quotation of the Day…

… is from pages 67-68 of the 1985 (3rd) edition of the Ralph Raico translation of Ludwig von Mises‘s great 1927 book, Liberalism:

Private property creates for the individual a sphere in which he is free of the state.  It sets limits to the operation of the authoritarian will.  It allows other forces to arise side by side with and in opposition to political power.  It thus becomes the basis of all those activities that are free from violent interference on the part of the state.  It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.

This splendid volume is available, free, here.