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

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

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

The first thing a genius needs is to breath free air.

An intellectual inferiority of the masses would manifest itself most evidently in their aiming at the abolition of the system in which they themselves are supreme and are served by the elite of the most talented men.

If the government objects to monopoly prices for new inventions, it should stop granting patents.

A genius is always a teacher, never a pupil; he is always self-made.