Louis XIV was very frank and sincere when he said: I am the State. The modern statist is modest. He says: I am the servant of the State; but, he implies, the State is God. You could revolt against a Bourbon king, and the French did it. This was, of course, a struggle of man against man. But you cannot revolt against the god State and against his humble handy man, the bureaucrat.

The worst evils which mankind has ever had to endure were inflicted by bad governments.

To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

What makes small business develop into big business is not spending, but saving and capital accumulation.

This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.

The final outcome of the credit expansion is general impoverishment.

Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.