The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.

The "progressives" who today masquerade as "liberals" may rant against "fascism"; yet it is their policy that paves the way for Hitlerism. Nothing could have been more helpful to the success of the National-Socialist (Nazi) movement than the methods used by the "progressives," denouncing Nazism as a party serving the interests of "capital." The German workers knew this tactic too well to be deceived by it again.

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

Under capitalism everybody is the architect of his own fortune.

In public administration there is no connection between revenue and expenditure.

What makes small business develop into big business is not spending, but saving and capital accumulation.