Nobody can be at the same time a correct bureaucrat and an innovator

The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

This is the difference between slavery and freedom. The slave must do what his superior orders him to do, but the free citizen-and this is what freedom means-is in a position to choose his own way of life.

The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.

Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Continued inflation inevitably leads to catastrophe.