The government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.

The distinctive principle of Western social philosophy is individualism.

In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.

Every step toward the elimination of profit is progress on the way toward social disintegration.

A lasting order cannot be established by bayonets.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.