Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.

The worst law is better than bureaucratic tyranny.

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

An anti-something movement displays a purely negative attitude. It has no chance whatever to succeed. Its passionate diatribes virtually advertise the program they attack. People must fight for something that they want to achieve, not simply reject an evil, however bad it may be.

The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.

The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.