The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

The market economy as such does not respect political frontiers. Its field is the world.

If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

In a battle between force and an idea, the latter always prevails.