The government pretends to be endowed with the mystical power to accord favors out of an inexhaustible horn of plenty. It is both omniscient and omnipotent. It can by a magic wand create happiness and abundance. The truth is the government cannot give if it does not take from somebody.

No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.

All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

The living is not perfect because it is liable to change; the dead is not perfect because it does not live.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.

Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression.