Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

History makes one wise, but not competent to solve concrete problems.

The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.