In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.

If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.

A genius is always a teacher, never a pupil; he is always self-made.

Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.

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.

It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.

There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.