What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

Fascism was an emergency makeshift. To view it as something more would be a fatal error.

The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.

Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.

All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

Government cannot make man richer, but it can make him poorer.