Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.

Spontaneous actions of individuals, aiming at nothing else than at the improvement of their own state of satisfaction, undermined the prestige of the coercive status system step by step.

Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors and it never changed.

Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.

The criterion of truth is that it works even if nobody is prepared to acknowledge it.