Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.

Progress is precisely that which rules and regulations did not foresee.

What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.

What is lacking to the underdeveloped nations is not knowledge, but capital.

No matter how efficient school training may be, it would only produce stagnation, orthodoxy, and rigid pedantry if there were no uncommon men pushing forward beyond the wisdom of their tutors.

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.