It is completely in accord with the etatist thinking prevalent everywhere today to consider a theory to be finally disposed of merely because the authorities who control appointments to academic positions, want to know nothing of it, and to see the criterion of truth in the approval of a government office.

Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

Government cannot make man richer, but it can make him poorer.

The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.

The issue is always the same: the government or the market. There is no third solution.

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

There can be no freedom in art and literature where the government determines who shall create them.