The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.

In life everything is continually in flux.

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

Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.

Thus, the isolated interference with one or a few prices of consumer goods always bring about effects-and this is important to realize-which are even less satisfactory than the conditions that prevailed before.

Economic knowledge necessarily leads to liberalism

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.