The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.

It is not the fault of the entrepreneurs that the consumers,the people, the common man,prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The entrepreneur does not make greater profits in selling bad things than in selling good things. His profits are the greater the better he succeeds in providing the consumers with those things they ask for most intensely.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.

He who is unfit to serve his fellow citizens wants to rule them.

The state is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals. This tremendous power cannot be abandoned to the discretion of some men, however competent and clever they may deem themselves. It is necessary to restrict its application. This is the task of the laws.

At eighty-eight how do you feel when getting up in the morning?...Amazed!