We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe.

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.

Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going.

Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.

Our poverty will be brought home to us to its full extent only after the war.

The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.

Creative Destruction is the essential fact about capitalism.