War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.

It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.

All that Lenin learned about business from the tales of his comrades who occasionally sat in business offices was that it required a lot of scribbling, recording, and ciphering. Thus, he declares that accounting and control are the chief things necessary for the organizing and correct functioning of society. . . . Here we have the philosophy of the filing clerk in its full glory.

The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.