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.

The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

Liberty is always freedom from the government.

It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.

The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.

Liberalism must be intolerant of every sort of intolerance.

The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.