The masses favor socialism because they trust the socialist propaganda of the intellectuals. The intellectuals, not the populace, are molding public opinion.

Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away

Historical knowledge is indispensable for those who want to build a better world

An entrepreneur cannot be trained. A man becomes and entrepreneur by seizing an opportunity and filling the gap. No special education is required for such a display of keen judgment, foresight, and energy.

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.

Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.

What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.