The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.

The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.

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

In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.

The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.

Under capitalism everybody provides for their own needs by serving others.

The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.