Government means always coercion and compulsion and is by necessity the opposite of liberty.

The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for by impoverishment.

This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

Every socialist is a disguised dictator.

The mark of the creative mind is that it defies a part of what it has learned.

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