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

Reason is the main resource of man in his struggle for survival.

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

All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.

The Welfare State is merely a method for transforming the market economy step by step into socialism.

The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.

Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.