A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a correct description of of the functions of a good government. Government ought to do all the things for which it is needed and for which it is established. Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. These are the functions of government within a free system, within the system of the market economy.

Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.

There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.

An entrepreneur cannot be trained. A man becomes and entrepreneur by seizing an opportunity and filling the gap. No special education is required for such a display of keen judgment, foresight, and energy.

The mark of the creative mind is that it defies a part of what it has learned.

Reason is the main resource of man in his struggle for survival.

A country becomes more prosperous in proportion to the rise in the invested capital unit per unit of its population.