Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

The fundamental law of the market is: the customer is always right.

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

The tow pillars of democratic government are the primacy of the law and the budget.