Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.

In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.

The capitalist system, in spite of all obstacles put in its way by governments and politicians, has raised the standard of living of the masses in an unprecedented way.

Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.

There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.