Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.

The sharper the competition, the better it serves its social function to improve economic production.

At eighty-eight how do you feel when getting up in the morning?...Amazed!

It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will become effective.

The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

During the 2300 years since Plato, very little opposition has been registered to his ideas.