It is law that protects property rights that are so essential to freedom. “All production, all civilization, rests on recognition of and respect for property rights. A free enterprise system is impossible without security of property as well as security of life. Free enterprise is possible only within a framework of law and order and morality. This means that free enterprise presupposes morality; but, as we shall later see, it also helps to preserve and promote it.” [30] Freedom from the State is what made the political anarchy of Western civilization, which operated according to the principles of classical liberalism, so prosperous relatively speaking. “If history could teach us anything, it would be that private property is inextricably linked with civilization.” [31]
Liberty & Justice of Economic Equilibrium, pp. 15-16.
[29] Ludwig von Mises, Epistemological Problems of Economics, Third edition, (Ludwig von Mises Institute, 2003), p. 40.
[30] Henry Hazlitt, The Foundations of Morality, (The Foundation For Economic Education, Inc., 1998), p. 303.
[31] Ludwig von Mises, Omnipotent Government: The Rise of the Total State and Total War, (Liberty Fund, and Ludwig von Mises Institute, 2010), p. 58.