The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.

Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends.

In capitalist enterprise there is no secure income and no security of wealth.

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

Almost all the fathers of socialism were members of the upper middle class or of the professions.

The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.