The most serious dangers for American freedom and the American way of life do not come from without.

The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

Liberty is always freedom from the government.

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

In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.