Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.

Spontaneous actions of individuals, aiming at nothing else than at the improvement of their own state of satisfaction, undermined the prestige of the coercive status system step by step.

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

A new type of superstition has got hold of people's minds, the worship of the state.

Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature.

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.

In the bureaucratic machine of socialism the way toward promotion is not achievement but the favor of the superiors.