Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm.

There exists no more democratic institution than the market

For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.

The modern mind dislikes gold because it blurts out unpleasant truths.

Can capitalism survive? No. I do not think it can.

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again.