From A Critique of Interventionism — surrounding passage

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“A free press can exist only where there is private control on the means of production.”

There is no logical third system of a private property order subject to government regulation. The “middle of the road” leads to socialism because government intervention is not only superfluous and useless, but also harmful. It is superfluous because the interdependence of market phenomena narrowly circumscribes individual action and economic relations. It is useless because government regulation cannot achieve the objectives it is supposed to achieve.