The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

What governments call international monetary cooperation is concerted action for the sake of credit expansion.

The system that would stand midway between capitalism and socialism.

Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.

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

Economically considered, war and revolution are always bad business.

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.