Despots and democratic majorities are drunk with power.

A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the "affluence" that it bestows upon the common man.

It is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.

The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.

The worst law is better than bureaucratic tyranny.